Daniel Ek: The US is spending 18% of its GDP on healthcare. It's the single largest line item in the budget right now. Preventable chronic disease is the biggest drive. “The US is spending 18% of its GDP on healthcare. It's the single largest line item in the budget right now. And if you take heart disease alone, it's in the hundreds of billions of dollars that are being spent on that disease group in the US alone. It's just insane. It's larger than Fortune 10 companies' revenues. And so I started looking into everything from drugs, to can you make more efficient drugs? Is it about cancers? And basically started targeting like, what are the real reasons it looks that way? The real conclusion ended up being there's lots of reasons, not one. But the major one is really chronic disease, overall. And the crazy thing about chronic disease, when you read about it, is that if you discover these things early, they're totally preventable, and the cost of dealing with them is very small, and the suffering for the person and their family and community is very small, too. So the key thing is if you discover things early, you're actually good. And so then the question is, well, why don't we discover things early? And it happens to be that we don't have enough data. So everyone in the entire healthcare industry is in agreement that we have to take healthcare from reactive to preventative health. Our view is really that it all starts with having better data. If you have better data, you're going to be able to discover things much more easily, and that in itself will then lead to having a chance of discovering those things much earlier, which creates this virtuous flywheel of then changing healthcare.” @eldsjal @Neko ------------------------------------ Thanks to our partners! As wealth grows, complexity compounds. Between investments, tax strategy and estate planning, coordinating it all can feel like a full-time job. Creative Planning can help with the heavy lifting. @CPIWealth Starting a business? Northwest Registered Agent gives you everything you need to build a complete Business Identity including free tools and built-in privacy. Get more at @northwestagent