GDP Blog

The Future of the ACA & The 5th Circuit

Posted by Andrew Clark

Apr 11, 2019 4:11:09 PM

The next chapter of the ACA is being written, with American’s possibly impacted eagerly standing by. In a filing yesterday with the Fifth Circuit Court of Appeals, the Department of Justice requested that the case be scheduled for oral argument the week of July 8th – but what does that mean for our current healthcare system? For those not following along, this appeal is the result of a recent ruling by Judge Reed O’Connor (out of Texas) that found the ACA unconstitutional (for more information see this recent blog posting from GDP Advisors regarding the original ruling).  

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Topics: ACA, Obamacare, healthcare, SCOTUS, Trump, 5th Circuit, doj


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

Looking Forward with Innovation

Posted by Logan Barry

Jan 25, 2019 4:11:32 PM

What comes to mind when you hear the words innovation and technology? For me it’s flying cars, floating skyscrapers, and spaceships; how cool would that be to look down over Mars as you fly by in your Spacebender 3000? We have now reached the year 2019 and still don’t have the flying cars we remember from the Jetson cartoons, but never fear, I’m sure Elon Musk is working on this (unless Richard Branson gets to it first). Although we are not yet star trekking through the atmosphere in our private spaceships, we are making tremendous advancements in the healthcare industry. New ideas, new technologies, some great, some just for fun, but all leading to better programs for employers and their employees. Why is such advancement important to us? It is important because the costs of healthcare are projected to reach $8.7 trillion dollars by the year 2020…Yes, I said $8.7 trillion. Not to mention, the current healthcare inflation rate is right around 6.5% annually which is more than 3 times that of the U.S inflation rate of 2% – don’t you think this is a problem worth solving? I would imagine so, and if you think the increases outlined above are not going to be directly reflected in our insurance premiums, then you’re just as naive as I was when I thought I would be driving a flying car at the age of 16.

Lucky for us it is the year 2019 and innovators are using new technology solutions to help soften the risk of high healthcare prices and premium rate increases in the most creative ways. Recently there was no better place to be as an innovator than at the Consumer Technology Association’s (CTA), CES 2019 annual showcase. This event is one of the largest technology conferences in the world and has been taking over the Las Vegas strip for years; it serves as a proving ground for innovators in the business of consumer technologies. This year the WSJ reported that there were 511 companies that represented the digital health sector, up from 472 last year. Featured products included wearables that track blood pressure and heart rhythms, as well as home sperm fertility tests, making home health technology a significant topic of conversation. What better way to cut healthcare costs then to have consumers do blood tests and health monitoring in the comfort of their own home, eliminating the need for an outrageously expensive office visit where we have no idea what we are being charged for.

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Topics: healthcare, CES, Wearables, technology, wellness, CTA, innovation

MEDICARE FOR ALL: Good POLICY or Good Politics?

Posted by Seth Denson

Jan 18, 2019 7:02:21 AM

During the most recent mid-term elections, Healthcare continued to rank atop the list of those things most important to Americans. According to Gallup, 80% of Registered Voters listed healthcare as either extremely or very important, followed closely by the Economy and Immigration both at 78 percent. With Republicans failing to do anything comprehensive regarding health care during their recent control of both houses of Congress as well as the Executive branch, the U.S. finds itself once again in a discussion around the government’s role in solving America’s health care crisis. Among the solutions most touted by Democrats is the idea of a ‘Medicare for All’ platform.

According to Vermont Senator Bernie Sander’s, the most outspoken legislator leading the charge for Medicare for All, “Health care must be recognized as a right not a privilege for every man, woman and child in our country regardless of their income. The only long-term solution to America’s health care crisis is a single payer national health care program.”

No question that in America, something should be done to insure that every citizen has access to quality affordable health care, how we accomplish this may be a bit more complex than the broad brush of ‘single payer.’ While the idea of nationalized medicine might sound good to many Americans and makes for a good talking point on the cable news talk shows, when it comes to government run healthcare, the devil may most certainly be found in the details. Our team at GDP Advisors reviewed ‘Medicare for All’ (specifically the plan outlined by Senator Sanders), and have compiled our thoughts and opinions on the measure.

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Topics: healthcare, healthcare reform, health care, medicare for all, congress

Co-Founder Seth Denson Discusses the Future of Healthcare on KEXB's "In The Know with Brian Glenn" - Broadcast Date 1/31/2018

Posted by Seth Denson

Feb 2, 2018 4:16:32 PM

Seth Denson join's Brian Glenn on DFW's KEXB Radio to discuss all things Healthcare, Amazon and living in North Texas.


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Topics: healthcare, amazon, texas, iamthelorax

GDP's Seth Denson joins the fox news rundown - Broadcast 2/1/2018

Posted by Seth Denson

Feb 2, 2018 4:07:37 PM

GDP Co-Founder, Seth Denson is interviewed by Fox News anchor Jessica Rosenthal regarding Amazon, Berkshire Hathaway & JP Morgans recent annoucment that they will collaborate impact the healthcare of their employees.


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Topics: healthcare, amazon

Curing Healthcare: Part 3 - Facts and Opinions

Posted by Seth Denson

Jun 22, 2017 10:01:46 AM

In today’s U.S. political climate, information is often times not based on facts, but rather on opinions. In today's video we will outline facts necessary to cure healthcare.

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Topics: ACA, Cure for Healthcare, healthcare, U.S. Healthcare

Curing Healthcare: Part 2 - A Personal Connection

Posted by Seth Denson

Jun 21, 2017 10:02:48 PM

I'm often asked why I am so passionate about solving the healthcare chrisis in the United States.  As we prepare to share our solutions, I hope that you will allow me the opportunity to also share with you a personal connection to the problem of healthcare that keeps me motiviated.

Growing up, our family didn’t have health insurance.  My father was the Pastor of a small church in Midland, Texas, and the congregation operated on a limited budget.  For this reason, health insurance for its staff was, unfortunately, not an option.  By the age of 12, I would require more than 10 surgeries due to a non-life threatening a medical condition.  While minor in nature, these procedures created a significant financial burden to our family.  Not realizing the reasoning at the time, I watched as my father would take jobs outside of his role at our church to be able to either obtain health insurance and/or earn enough money to pay for the treatments of my condition. 

Both of my parents were selfless like that, always putting their family first, others second and themselves last.  Growing up, we were not poor, but didn’t have a lot of money either.  I don’t recall ever going without, as a matter of fact, I always thought we must have had significant means because my brothers and I always seemed to have more than we needed or really wanted.  We were rich, but not in the monetary sense, rather in that we had two parents who first loved each other, loved us, and showed us that love often. 

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Topics: Employee Benefits, ACA, Obamacare, Cure for Healthcare, healthcare

Curing Healthcare: Part 1 - Introduction

Posted by Seth Denson

Jun 20, 2017 4:27:38 PM

Healthcare in the U.S. is broken. As congress continues to debate the ACA as well as the AHCA, our opinion is that they are focusing on the symptoms rather than the actual problem. Healthcare in the U.S. can be cured, but we must focus on the right things to do just that.

In the coming days, we'll be posting a series of videos on our proposed solutions to the challenges healthcare faces, and how all of us together can fix the system.

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Topics: Employee Benefits, ACA, Obamacare, Cure for Healthcare, healthcare

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