NewsRadio WFLA (WFLA-AM)
NewsRadio WFLA (WFLA-AM)
WHAT’S NEW IN MEDICINE TODAY? 5 15 21
WHAT’S NEW IN MEDICINE TODAY? 5 15 21
WHAT’S NEW IN MEDICINE TODAY? 5 15 21
Saturday 22nd May 2021
Join Dr. Alfred Bonati and the American Medicine Today team as they explore the ethics and responsibilities of health insurer CEOs and their impact on healthcare.
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8 minutes
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Educational
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Get the buttons here!Health Insurer CEO Salaries: Ethics, Responsibilities, and Impact on Healthcare
If you are going to have these profits and you are going to have that amount of extra money that comes just for profit, then you need to also pay society back and you need to treat the patients right and you need to pay the service of the physicians in the right way.
Ever thought about how much health insurer CEOs make and what it means for healthcare? In this episode of 'American Medicine Today', hosts Kimberly Bermel, Ethan Eucher, and Jeff Wagstaff sit down with Dr. Alfred Bonati, MD, to tackle this pressing issue. Dr. Bonati, a renowned orthopedic surgeon known for his pioneering spine procedures, doesn't hold back as he shares his views on the exorbitant salaries of health insurance CEOs and their far-reaching consequences.
He argues that while high salaries aren't inherently bad, the accountability of these executives is crucial. The discussion dives into how insurance practices affect physicians, from the pressure to reduce fees to the frustration of dealing with delayed or denied payments. Dr. Bonati brings his own experiences to the table, recounting stories of patients waiting in hotels for days before their insurance approves necessary treatments. He calls this practice immoral and unjust, urging for greater accountability from insurance companies.
Patients also bear the brunt of these practices. The team highlights the struggle many face in accessing timely and affordable healthcare, especially those who have to travel long distances for treatment. Dr. Bonati emphasizes that insurance companies have a societal responsibility to ensure prompt payment for services. The conversation broadens to discuss the societal impact, including the push towards socialist medicine and the lack of effective regulation over insurance companies. Dr.
Bonati points out that despite public demand for stricter control over these companies, cozy relationships with regulators and commissioners prevent real change. To wrap up, the team proposes solutions like enforcing daily payments from insurance companies and holding them accountable for any misconduct. Dr. Bonati stresses that the core issue in medicine today is that physicians are quitting and patients are left untreated.
This episode aims to spark a crucial conversation about the ethics and responsibilities of health insurer CEOs, hoping to inspire future discussions on improving healthcare practices.