In the latest HCI Webinar, Dr. Jonathan H. Westover talks with Dr. Noor Ali about the future of healthcare and health insurance. Below is a summary of the main points from their conversation! Check out the full episode and let us know what you think!
Watch the episode here:
Jonathan and Dr. Noor Ali discussed healthcare and health insurance, focusing on the challenges faced by individuals and smaller teams in obtaining health insurance. Dr. Noor shared her career transition from a medical doctor to a health insurance expert and how she helps optimize health insurance plans through individual risk assessments. They also touched on the shift towards virtual care platforms, the potential role of small businesses in influencing health insurance decisions, and the increasing use of artificial intelligence in diagnosis and treatment.
Dr. Noor's Career Transition to Health Insurance Consultant
Jonathan and Dr. discussed the latter's career transition from a practicing medical doctor to a health insurance consultant. Dr. shared their journey, which began with a fast-track medical career that included a dual degree in internal medicine and general surgery. However, they faced challenges when they failed a licensing exam and struggled to find work as a foreign medical graduate in the US. These difficulties led them to a sales role in health insurance.
Health Insurance Strategies: Personal Journeys and Challenges
Dr. shared their personal journey of developing a personal brand and reinventing the customer's journey in the health insurance sector. Jonathan acknowledged the difficulties people face in navigating the healthcare system and appreciated the value Dr. brings as a health insurance strategist or consultant. They discussed the challenges faced by individuals and smaller teams in obtaining health insurance, particularly when they cannot benefit from corporate benefits. Dr. emphasized their role in conducting individual risk assessments to help these groups optimize their health insurance plans. Jonathan recounted their own experiences with health insurance, highlighting the difficulties they faced when they were in grad school and the relief they felt when they secured a professorship with comprehensive coverage. The conversation ended with Jonathan asking Dr. about their approach when consulting with individuals or families.
Choosing Health Insurance Markets and Preventative Care
The discussion revolved around the decision of which market to choose when purchasing health insurance. The doctor explained that the two markets are the public healthcare marketplace and the private healthcare marketplace. For those with lower incomes, the public marketplace is a good starting point as they may qualify for Medicaid or a sliding scale subsidy from the government. However, for those with higher incomes, private options are more suitable as the government no longer assists with premiums, which can be high due to the need for insurance carriers to remain profitable. Jonathan raised a question about the emphasis on preventative care in the US, suggesting that a more proactive approach could be cost-effective in the long run.
Healthcare Trends and Small Business Impact
Jonathan and Dr. discussed the shift in healthcare trends, particularly the increased use of virtual care platforms, which has led to a reduction in administrative costs for both patients and providers. They also explored the potential for small businesses to create a culture of preventative care and wellness through incentives and non-traditional benefits. Looking ahead, Dr. anticipated the role of small businesses in influencing health insurance decisions and the ongoing growth of telehealth.
AI in Healthcare: Diagnosis and Treatment Debate
The conversation focused on the role of artificial intelligence (AI) in healthcare, particularly in the context of diagnosis and treatment. The doctor, who had experience in low-resource settings, emphasized the importance of a patient-centric approach and using hands-on treatment, as opposed to relying solely on AI. Jonathan, however, suggested that AI could be beneficial as a diagnostic tool, allowing doctors to focus on their personal understanding of their patients. They acknowledged potential cost benefits and efficiency gains, but also expressed concerns about the possibility of misdiagnosis.
Healthcare System: Status and Future
Jonathan and Dr. Noor discussed the current state and potential future changes in the US healthcare system. Dr. Noor predicted no major systemic changes due to the conflicting interests between private sector, insurance companies, and government policy. They also touched upon the politicization and gridlock surrounding healthcare reform. Dr. Noor encouraged listeners to consider the quality and cost of their healthcare and to connect with them for consultations. The episode is scheduled to be released next Wednesday.
Listen to the webinar here: