The Insightful Leader
Insight Unpacked S2E1 | The Problem with Megaproviders
Jun 24, 2024
Kellogg and Wharton professors discuss the rise of megaproviders in healthcare, the impact on costs and patient outcomes, challenges in regulating the industry, and the influence of mega providers on competition and healthcare services.
27:50
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Quick takeaways
- The historical evolution transformed hospitals from basic care centers to advanced healthcare providers, improving medical outcomes significantly.
- Misaligned market incentives in the US healthcare industry prioritize profit over patient well-being, raising concerns about health improvements compared to other nations.
Deep dives
Evolution of Health Insurance in the US
Health insurance in the US originated from a plan in 1929 between teachers and a local hospital. Costing 50 cents a month, it provided limited coverage. Despite the low cost, hospitals were not ideal places for healthcare in the past, emphasizing the historical challenges in medical services. Over time, hospitals transitioned from places of minimal care to advanced healthcare centers, significantly improving medical outcomes.
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