In this episode of The Health and Wealth Power Hour, Harlon Pickett hosted Dr. Keith Smith and Jay Kempton, founders of the Free Market Medical Association. They provided valuable insights into the broken healthcare system, government intervention, price gouging, and the impressive growth of the association.
The discussion revolved around the urgent need for transparency in healthcare. Dr. Keith Smith and Jay Kempton highlighted the challenges of government involvement and the importance of finding a balanced approach. They emphasized fair pricing and called attention to the unethical practice of price gouging in the industry, stressing the need for transparency.
The conversation also explored the government’s role in perpetuating problems within the healthcare industry. Dr. Keith Smith and Jay Kempton expressed frustration with government regulations that contribute to corruption. They underscored the necessity for the government to step back and undo the damage caused.
Dr. Keith Smith shared the success of the free market movement in healthcare over the past decade. He highlighted the thousands of buyers and sellers who have embraced upfront market competitive pricing, showcasing the movement’s potential for change. The discussion prompted reflection on the potential hindrance of government involvement.
They delved into innovative pricing models and reference-based pricing, emphasizing the importance of transparency and patient-centered approaches. Challenges in implementation and the resistance from hospital systems were acknowledged, emphasizing the need for a fair and equitable negotiation process.
Harlon Pickett, Dr. Keith Smith, and Jay Kempton emphasized maintaining a positive approach, expressing gratitude for their supportive community. They stressed the significance of truth and integrity in their work and expressed enthusiasm for an upcoming event where they would share their insights.
The discussion also touched on House Bill 711, which permits fully insured health plans in Texas to implement steerage and tiering for specific hospitals. While expressing skepticism, they highlighted the importance of empowering patients and buyers for real change in the healthcare system.
This episode of The Health and Wealth Power Hour podcast delivered a powerful and comprehensive exploration of the healthcare landscape. Harlon Pickett’s conversation with Dr. Keith Smith and Jay Kempton shed light on critical issues within the industry and offered valuable insights for improving the system.
Their perspectives on the broken healthcare system, government intervention, price gouging, and the success of the free market movement provided a holistic understanding of the challenges and opportunities present. They emphasized the urgent need for transparency, fair pricing, and a patient-centered approach to healthcare.
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