Went to my good friend Chris’ wedding in Pasadena last weekend and received a surprise gift (or 10) for my blog. Chris is an actuary in the health care industry. One of his good friends, Ezekiel Chang, is also a health insurance actuary, and has put a lot of thought into not just the what of health care costs, but the why, and the how do we fix this mess.
I have linked the first of Ezekiel’s blog posts (click on title), and I encourage you to read it. Lots of material to digest. It was insightful to distinguish between cost factors and cost drivers. Addressing the cost driver of medical technologies is an imperative. We also need to incentivize prevention and overall health outcomes, as opposed to incentivizing expensive treatments.