• Systemic Corruption, Doctor Compensation, and the Path to Reform

  • Oct 1 2024
  • Length: 23 mins
  • Podcast

Systemic Corruption, Doctor Compensation, and the Path to Reform

  • Summary

  • In this episode, our hosts dive into the systemic issues plaguing healthcare, from doctor compensation and broker commissions to the broader dysfunction of the benefits system. They reveal how misaligned incentives lead to inefficiency, frustration, and rising costs, all while touching on key insights from the recent Health Benefits Nation conference. Topics include the controversy around GLP-1 medications, BMI policies, and the struggle employers face in adopting innovative, cost-saving strategies. Listen to hear why Emma & David have concluded we ultimately need to shift from reform to rebirth in the way healthcare is structured and managed.

    TIMESTAMPS:

    [01:38] Discussion on compensation

    [05:01] Conference Insights

    [11:09] Importance of representation & transparency

    [14:49] - Employer responsibility regarding their healthcare plans.

    [22:20] Awakening brokers and consultants to the realities of the healthcare system

    QUOTES:

    • "At the end of the day, I think the entity, the stakeholder with the most leverage is the one who's the most quiet, which is the employer, because they're not only managing the dollars they're spending, but they're essentially responsible for managing the dollars that the employees are spending, whether it's the contribution out of their paycheck or their out of pockets." -David Contorno
    • "And I think you're absolutely right. Severity is not so much of an issue. Really? Right? And so one of the talking points around, specifically around GLP one, because it was a big topic. And so it was a very big point of discussion. But someone brought up the rebates. And I said on the stage, I think you mean bribes, because rebates only benefit those that they get returned to." -Emma Fox
    • "And so many have said that that awakening changed their path, and that's really what we need at the employer level, at the doctor level, and at the broker level, because if we can get a large enough group to change their path, then we can actually make a difference in how the system works."- David Contorno

    SOCIAL MEDIA LINKS:

    David Contorno

    LinkedIn: https://www.linkedin.com/in/dcontorno/

    Emma Fox

    LinkedIn: https://www.linkedin.com/in/emmamariefox/

    WEBSITE:

    E-Powered Benefits: https://www.epoweredbenefits.com/

    Emma Fox: https://emmamariefox.com/

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