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By: Stephen S.S. Hyde
Purchased At: $14
If You are a Health Care Professional or Have an Interest in Affordable Health Care, this Book is for You.
The solution described in How Jeff Bezos Can Fix Health Care lies in employers extending to health care the same economic principle that has long allowed America’s consumers to meet their equally essential needs for affordable, high-quality food, housing, automobiles, clothes, entertainment, and recreation—control of all the money.
The result would empower employees and dependents to make their own medical care choices based on the answers to two simple questions:
- For my medical needs, who are the highest-quality, most appropriate medical providers?
- Of those, which one is cheapest?
Unfortunately, the current health insurance and medical system is structured to fundamentally prevent us from getting these answers.
The book goes on to define the two primary causes of uncontrolled medical costs. Hyde explains why they exist and how a single large entrepreneurial employer—like Jeff Bezos—could use empowered employees and modern information technology to slash health care costs by half while doubling medical quality.
As the rapid rise of high-deductible health plans has made clear to a growing number of people, the lack of price transparency has resulted in patients having to pay excessive prices for services and drugs they could have received for much less.
Don’t Miss Your Opportunity to Help Make Health Care Affordable for Everyone.
Unlike gridlocked government, employers are in a position to fix this. The only thing needed to get started is a single innovative employer—Hyde calls it Employer Zero—to step up and create a completely new solution that reveals real provider prices while motivating employees to choose all their care on the basis of quality and price.
Although the book does get a bit technical in places, it should be readily comprehensible to a broad range of readers, especially anyone interested in or involved in the health care system. If Hyde’s plan reaches implementation, it promises to be extremely disruptive as by killing waste (and jobs), improving quality (and exposes bad doctors), eliminating the need for value-subtracting intermediaries (and more jobs), and forcing down the prices of prescription drugs (and drug-makers’ stocks). Whether you believe such a wholesale change can occur, How Jeff Bezos Can Fix Health Care, is also a useful text for understanding the inner workings of the seamy business underbelly of our dysfunctional health care system.
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In this new book, Steve Hyde examines the drivers of unnecessary costs and complexities, explains how they came to be, and provides a plan that can eliminate (or at least greatly reduce) them. His proposal does not rely on increased government funding. It is not "Medicare for All". It operates entirely in the sphere of free enterprise. And it could actually WORK.
Unlike most of the proposals for changes to the current system, Steve Hyde's plan is not some vague fantasy that suggests, by tweaking this point and borrowing this idea, we can somehow muddle through to significant change. His plan is detailed, specific and unwavering in its adherence to free market principles. It takes someone with the deep and detailed knowledge provided by decades in the health care industry to truly understand its systemic problems. Steve Hyde combines that knowledge with a willingness to think outside the box and the result is a totally unique and innovative approach to solving our nation's greatest domestic challenge.
Jeff Bezos brought the world of one-stop shopping to our doorstep by figuring out how to make the process simple, convenient, and inexpensive. His system of web browsing, “one-click” purchases, and speedy home delivery made our lives easier and Mr. Bezos the richest man on the planet.
Now why can’t we do the same for healthcare?
Stephen Hyde, a pioneer in healthcare delivery (he founded one of the nation’s first HMOs) and a relentless advocate for rational, efficient, and effective healthcare at reasonable prices, proposes in this book realistic solutions to the current costly and convoluted system.
The catch? It will take someone like Mr. Bezos, an entrepreneur with the power, ingenuity, and incentive to transform the current hodgepodge into a world class and cost-effective network.
The author describes the industry’s sad history of kickbacks, pricing scams, and government mismanagement and his solutions constitute a revolutionary, but workable reimagining of the current system of secrecy, obfuscation, wrong-headedness, uneven quality, consumer-abuse, and pervasive waste—all presented so that even a layman like me can understand it.
For anyone who seeks the inside story to our healthcare crisis and wants to engage and encourage realistic solutions, I urge you to read Mr. Hyde’s book.
Before we call for change, we must be informed. "How Jeff Bezos Can Fix Health Care: Leading the Transparency Revolution” is an excellent place to start.
In his book, How Jeff Bezos Can Fix Health Care, Steve Hyde provides the missing links that inhibit a major move to a more consumer driven system. These links include easily obtained transparent information about provider quality, actual cost to patients/consumers before services are provided, and provider availability. All this is accomplished with an easy to use technology platform that enables consumers to compare choices in the market in a way that does not exist today. The other missing piece to make such a major change in the health care system is a private sector powerhouse champion, hence Jeff Bezos who has revolutionized the consumer purchasing marketplace.
Whether you favor a more centralized single payer system such as Medicare for All or private sector consumer driven system as proposed by Steve Hyde, this book is essential reading for those who what to better understand what may be possible to make our health care system function better of all citizens.