Alphabet is spending billions to become a force in health care

Rich countries pour heart-stopping amounts of money into health care. Advanced economies typically spend about 10% of gdp on keeping their citizens in good nick, a share that is rising as populations age. America’s labyrinthine health-industrial complex consumes 17% of gdp, equivalent to $3.6trn a year. The American system’s heft and inertia, perpetuated by the drugmakers, pharmacies, insurers, hospitals and others that benefit from it, have long protected it from disruption.
Read more: https://www.economist.com/business/2022/06/20/alphabet-is-spending-billions-to-become-a-force-in-health-care?source=Snapzu