GDP Blog

THE ECONOMIC PRINCIPAL IN HEALTHCARE

Posted by Seth Denson

Feb 4, 2019 7:17:15 AM

Economic Principal HealthcareSo often while talking with employers, we find that when it comes to providing health insurance to their employees, they think of this process as a transactional one rather than one of continued engagement. We will regularly refer to this as the ‘Transactional’ approach vs. the ‘Asset Management’ approach (more about this later). Don’t get me wrong, insurance has been long thought of in a transactional manner. Most insurance advertising is just that – transitionally based (i.e. 15 minutes can save you 15% etc.). When it comes to health insurance; however, employers have seen a very different result over the past decade than they have when comparing other types of insurance. While the traditional Property and Casualty markets have had what we refer to as soft market times and hard market times (soft being where the carriers are much more aggressive in their pricing vs. hard markets where they are not), rarely do we see soft markets when it comes to health insurance. This is largely due to the fact that health insurance really is no longer insurance at all rather it has become healthcare financing with some risk pooling involved.

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Topics: Health Insurance, healthcare, economics, differentiation, pbm, underwriting, costs, premiums

THE TRUMP EFFECT: A Closer Look at Why ACA Enrollment is Down & What Consumers Need to Know

Posted by Seth Denson

Dec 14, 2018 10:31:47 AM

As we near the end of this, the 6th Open Enrollment period since the ACA was implemented; all indicators are that the overall enrollment numbers are down. While it is easy to point to the most common reasons we might hear is the cause, a deeper dive into all factors surrounding enrollment is essential to understanding all of the various drivers of the dismal enrollment numbers.

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Topics: ACA, Health Insurance, Obamacare, healthcare reform

Your Facebook & Twitter Post Could Impact Your Health Insurance Cost

Posted by Seth Denson

Jul 26, 2018 8:32:34 AM

The things that we do impact our lives. The foods we eat, how much sleep we get, exercise (or lack thereof), even what we watch on TV can have an impact on our health (both physical and mental). This isn’t news to us as most rational people recognize the correlation between our actions and our health, but what if our health insurance companies new all these details about us? Would we change our behavior if it impacted our ability to be insured or increased our health insurance rates? Or, would we simply try hiding these specific details of our life so that those that could use this information against us wouldn’t have access to it?

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Topics: data, Health Insurance, Social Media, U.S. Healthcare

Curing Healthcare: Part 4 - Solutions

Posted by Seth Denson

Jun 23, 2017 11:18:19 AM

All week we have rolled out our thoughts surrounding the current state of the healthcare system and why it's broken.  We have qualified data to support out thoughts and address issues, both political and practical.  Since we've identified and quantified the problem, it's time we lay our our ideas to solve it.  In Part 4 in our series on Curing Healthcare we do just that.

 

 

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Topics: U.S. Healthcare, Health Insurance, ACA, AHCA

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