article thumbnail

3 Entrepreneurs Who Made It Their Mission to Lower Health Care Costs

Harvard Business Review

trillion, or almost 18% of its GDP , on health care — that’s $10,000 per person, twice as much as any other country in the industrialized world. Vijay Govindarajan Ravi Ramamurti. There is a healthcare crisis in the U.S. In 2016, the U.S. spent a staggering $3.2 Innovation has the power to ratchet down U.S. Further Reading.

article thumbnail

The Middle East Could Be a Cradle of Innovation

Harvard Business Review

The company is now one of the largest mobile cash-transaction companies in the world — roughly 20% of the country's GDP passes through it. Kenya's M-Pesa , for example, allows customers to withdraw and deposit money via text message. The growth doesn't stop there.