Have you ever felt lost in the complexities of the healthcare industry? You’re not alone. In the most recent episode of The Health and Wealth Power Hour, Harlon Pickett and guest speaker, Kelly Fristoe, President of the National Association of Benefits and Insurance Professionals (NABIP), discussed the challenges faced by insurance professionals in the health insurance industry. From changes in the self-funded plans space to the lack of transparency in healthcare pricing, the conversation shed light on the importance of being an educated healthcare consumer.
One of the key takeaways from the discussion was the need for transparency in healthcare pricing. Fristoe emphasized that healthcare is the only thing we buy without knowing the cost beforehand, and that consumers need access to tools to research healthcare providers. The speakers also highlighted the importance of quality in addition to price when shopping for healthcare, and encouraged listeners to be educated consumers and to hold down costs
An educated consumer changes an industry.
Harlon Pickett
The conversation also touched on the benefits of direct primary care (DPC) and self-funded plans, which offer affordable alternatives to traditional healthcare options. The speakers highlighted the success of smaller operations like the Surgery Center of Oklahoma and Texas Medical Management, which offer cash pay bundles and lower prices than traditional hospitals.
Overall, the conversation emphasized the need for innovative solutions to address healthcare issues and provide affordable quality care to consumers. As Harlon noted, this conversation sheds light on the changes in the health insurance industry and the impact of the ACA on health insurance. So, be an educated consumer, take control of your healthcare, and make informed decisions for a better healthcare experience.
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