The U.S. Medical Establishment is getting ready for a massive influx of crypto currencies
The U, S. medical establishment is gearing up for a big crypto rush, as many U.K. hospitals are already accepting bitcoins as payment for patients.
According to a Reuters report, hospitals in the U.C.L.A. region, which includes Los Angeles, are the first to accept the digital currency, with some accepting a maximum of $5,000.
A spokesperson for the UConn Medical Center told Reuters that it had received several inquiries from hospitals about the cryptocurrency, and that it is looking into the matter.
“I can’t tell you what’s going on at the moment, but I’m aware of it,” said Dr. John T. Kline, the medical center’s chief medical officer.
“We are not yet ready to give out a specific number of bitcoins, but we are very excited about it.”
Other U.M. hospitals have begun accepting bitcoins in their operating rooms, too.
According the Reuters report , Dr. David H. Pomerantz, a professor of medicine at the University of Southern California and the director of the school’s Center for Advanced Health and Human Performance, said that he believes bitcoin could eventually replace traditional payment methods, especially when it comes to the cost of healthcare.
“If you think about what Medicare and Medicaid spend on healthcare, it’s more than a trillion dollars per year, so the value of what they spend is pretty staggering,” Pomeranz said.
“Bitcoin could potentially change the economics of how they do it.”
According to Pomerants research, the total U.U.S.-based healthcare spending is projected to increase from $5.3 trillion to $7.7 trillion by 2025.
“The U.s. healthcare system is getting very complex and complex, and the technology is getting better and better,” Pomersanz said in a phone interview.
“So I think there’s a real opportunity for bitcoin to be part of that.”
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