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April 4, 2024
Taylor Davis on LinkedIn: 40+ yrs of health insurance control of healthcare costs
Summary
Taylor Davis MS Stat MBA highlights the critical issue of rising healthcare costs managed ineffectively by insurance companies over the past 40 years, leading to excessively high hospital costs. He advocates for alternative solutions to cut healthcare spending by suggesting that employers and brokers consider implementing a secondary review for large medical bills and encouraging the formation of localized healthcare networks. These approaches aim to bypass traditional insurance company control, thereby reducing major medical expenses by 30-60% through employee-friendly Centers of Excellence and claims review. This strategy leverages local networks and thorough bill reviews to ensure employers only pay for necessary services, aiming to significantly lower healthcare costs without compromising care quality.
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