Creating Competition in Healthcare

[HALL85]

Interesting model and one to keep an eye on. Exactly the reason why I don't want to see a single-payer government run insurance program. Stifles innovation.

http://money.cnn.com/2018/01/30/news/companies/amazon-berkshire-jpmorgan-health-insurance/index.html

 

[Merge]

Interesting model and one to keep an eye on. Exactly the reason why I don't want to see a single-payer government run insurance program. Stifles innovation.

http://money.cnn.com/2018/01/30/news/companies/amazon-berkshire-jpmorgan-health-insurance/index.html

Have you seen any details of what they are proposing? So far sounds like a combined self insured HDHP?

I'm all for something like this. Create large risk pools, get consumers involved with costs and pricing decisions, remove the profit incentive while keeping the incentive to watch for fraud. Makes sense.

 

[HALL85]

Have you seen any details of what they are proposing? So far sounds like a combined self insured HDHP?

I'm all for something like this. Create large risk pools, get consumers involved with costs and pricing decisions, remove the profit incentive while keeping the incentive to watch for fraud. Makes sense.

Just this article. I'm not sure it sounds like anything just yet other than that they seem to want to offer the flexibility for their employees to shop and have price transparency. All for solutions that enable innovation and competition (to lower costs).

 

[Section112]

Interesting article - thanks for sharing.

One of the components that has to change is the cost of pharmaceuticals in the US. When you talk to Pharma execs they say if they lose the US profitability they will also have to cut down on R&D because they are getting hammered everywhere else. But it's really not fair that the US pharma costs are so much higher for the same drugs compared to other countries. So many areas to fix with healthcare and this is just one example.
http://www.commonwealthfund.org/pub...s/2017/oct/prescription-drug-costs-us-outlier