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Robert Smith, CEO of the Colorado Business Group, Founder of The Colorado Purchasing Alliance, and a former hospital senior executive, wrote a thought provoking letter to his members upon his retirement.
Key points include:
1. It's unlikely that ANY US marketplace functions as inefficiently and ineffectively as healthcare because of the complexity.
2. Plan sponsors have a responsibility to rise to the occasion and purchase care with accountability.
3. ONLY plan sponsors have both the means and the incentive to address the root issue: Pricing to what the market will bear - without either transparency or accountability.
4. Drug manufacturers, health systems, and health plans are making historic profits while healthcare is the leading cause of bankruptcy for American families - and third leading cause of avoidable death.
5. This is exactly the outcome that employers and other commercial plan sponsors are financing!
Robert also includes several recommended articles for those who want to make a difference to their employer, their employees, and their families.
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