The healthcare system in United States, when compared to similar nations, is one of the costliest in the world with higher levels of healthcare spending, costlier hospital stays and higher prices of prescription drugs. Considering that the healthcare spending is expected to almost double within a decade (projected to grow from $2.8 Trillion in 2012 to $5 Trillion in 2012), it is imperative to examine the causes and start chipping away the inefficiencies to bring the costs down to manageable levels.