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The Virtual Shift: Adam V Russo on Correlation of Cost and Quality in Healthcare
Apr 6, 2025
In this discussion, Adam V. Russo, Co-Founder and CEO of The Phia Group, dives into the intricate relationship between healthcare costs and quality. He emphasizes the pressing need for transparency as a vital step towards health equity. Adam critiques the current patient-centric model, revealing its inefficiencies and push for direct primary care. He also highlights rising healthcare costs, the importance of patient accountability, and how informed decisions can combat disparities in access to care. Get ready for an enlightening conversation!
27:05
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Quick takeaways
- The rising healthcare costs burden employees and employers alike, necessitating systemic changes to improve access and care quality.
- Transparency in healthcare pricing is essential for empowering patients to make informed choices, reducing disparities in care access and costs.
Deep dives
The Rising Cost of Healthcare
Healthcare costs continue to rise annually, burdening both employers and employees. Many employers are shifting higher costs onto employees through increased copays and deductibles, which often lead to worse access to care. The average premium for single coverage is approximately $9,000 and $25,500 for families, marking a dramatic spike over the past five years. Despite political shifts and healthcare reforms, the underlying issue remains: healthcare access deteriorates as costs climb, highlighting a critical need for systemic change.
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