Gary Michelson, ex-Forbes billionaire, money spent on unnecessary back care, Medtronic

"I liked to point out that Medtronic, which makes all varieties of medical devices—from surgical tools to pacemakers—is so able to charge sky-high prices that it enjoys nearly double the gross profit margin of Apple, considered to be the jewel of American high-tech companies."

"Another favorite: We spend $85.9 billion trying to treat back pain, which is as much as we spend on all of the country’s state, city, county, and town police forces. And experts say that as much as half of that is unnecessary."

From this article a friend wrote in LinkedIn.

https://www.linkedin.com/pulse/i-experienced-americas-broken-healthcare-system-while-steven-brill?trk=tod-home-art-list-large_0

Article goes into how 9/10 of medical device makers have been sued and fined for kickbacks and fraud.

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