The Society for Advancing Business Editing and Writing (SABEW) has named Dr. Marty Makary’s The Price We Pay: What Broke American Health Care – and How to Fix It as the winner of its inaugural Best in Business Book Award.

SABEW’s award, sponsored this year by Investopedia, celebrates a shortlist of “outstanding” business books published between July 30, 2019 and July 30, 2020. Makary’s book, published Sept. 19 of last year, explores America's broken healthcare system and the people who are working to save it. 

The Price We Pay is fresh, enlightening, accessible, and impactful on the most critical issue of our time, healthcare,” said Pattie Sellers, head judge and co-CEO of SellersEaston Media. “The book has made news, helped to change policy, and offers real solutions.”

Sellers, alongside a panel of judges, also selected two finalists from the 41 entries received: No Filter: The Inside Story of Instagram by Sarah Frier and Pharma: Greed, Lies, and the Poisoning of America by Gerald Posner. Frier and Posner will both receive a $500 cash prize, while Makary will receive $1,000 for the accomplishment.

Moreover, the judges compiled a 12-book shortlist in September to highlight the top five books and seven honorable mentions. Submissions came from publishers such as Random House, Doubleday, HarperCollins, Simon & Schuster, and PublicAffairs.

“The judges were very impressed with the quality of all the entries for our inaugural Best in Business Book competition, a testament to the great work our long-form colleagues have done in the past year,” Investopedia Editor-in-Chief Caleb Silver, who also serves as SABEW vice president and contest chair, said at the time. “This shortlist represents the best of the best evaluated by the quality of the reporting, storytelling and scope of the books we reviewed.”

SABEW is the world’s largest and oldest organization of business and financial journalists, founded in 1964. The organization is well-known for its Best in Business annual awards, but for the first year has pivoted to focus on business books as a standalone category.

Here are the 12 books selected for the shortlist:

  • The Price of Peace: Money, Democracy, and the Life of John Maynard Keynes by Zachary D. Carter
  • Underwater: How Our American Dream of Homeownership Become a Nightmare by Ryan Dezember
  • The Future is Faster Than You Think: How Converging Technologies Are Transforming Business, Industries and Our Lives by Peter H. Diamandis and Steven Kotler
  • Dark Towers: Deutsche Bank, Donald Trump, and an Epic Trail of Destruction by David Enrich
  • No Filter: The Inside Story of Instagram by Sarah Frier
  • Lights Out: Pride, Delusion, and the Fall of General Electric by Thomas Gryta and Ted Mann
  • Billion Dollar Brand Club: How Dollar Shave Club, Warby Parker, and Other Disruptors Are Remaking What We Buy by Lawrence Ingrassia
  • Kochland: The Secret History of Koch Industries and Corporate Power in America by Christopher Leonard
  • Facebook: The Inside Story by Steven Levy
  • The Price We Pay: What Broke American Health Care—and How to Fix It by Marty Makary, MD
  • Pharma: Greed, Lies, and the Poisoning of America by Gerald Posner
  • The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution by Gregory Zuckerman