‘Bias is profitable’: Health disparities may cost $1T by 2040

Disparate health outcomes could cost the American healthcare system $1 trillion annually by 2040, nearly tripling in size over the next 20 years and accounting for nearly 12.5% of healthcare spending, a new report warns.

The analysis, published by Deloitte Wednesday, found the cost of excess health services delivered due to disparities is $320 billion annually, and the rate of increase outpaces overall cost trends. Total healthcare spending…