Demystifying Health Insurance and Building Alternatives to the Status Quo
Josh Jeffries is a Managing Director with Risk Strategies.
While merging companies with his business partner in 2010, Josh began working on his MBA which gave him the opportunity to learn the US healthcare reform implemented March 23, 2010 inside and out. He views the biggest barrier to change in the healthcare industry as status quo; thinking there are no alternatives. There are always alternatives and he is dedicated to presenting options that offer better care and reduce overall costs to employers.
Here’s a glimpse of what you’ll learn:
The advice a family friend gave Josh early on that stayed with him
What Medical Loss Ratio is and how it impacts everyday people
How medical bankruptcies in the US could be avoided
What defines “functionally uninsured people” and how to avoid it
How there’s a growing movement in the US to get back to primary care relationships
How the 401K and Securities industries have embraced transparency and how that shift could change health insurance for the better
Where Josh learned the acronym GROWIN and what it stands for
How Josh views his father’s job loss with Hoover and his business partner’s stance on always doing the right thing as key influences on his work direction
How and why Josh leveraged private equity with his business
In this episode….
Josh Jeffries started out as a soccer player in college but he realized he couldn’t make a living playing soccer and switched to selling life insurance. Early on in life he watched his father and father’s friends lose their jobs with the Hoover company which motivated him to not want to work for someone else. The entrepreneurial drive served him well and he found a business partner and began working on a way to reshape the structure of health insurance for employers.
Josh used the US healthcare reform of March 2010 for the basis of almost everything he did; he learned the reform inside and out whereas his competitors were spending money trying to fight it. He believes an ideal would be a community-based structure where a person’s safety net shouldn’t have to change just because their job did. He challenges the status quo with the work he does.
In this episode of What CEOs Talk About, host Martin Hunter and Josh Jeffries dive into the health insurance industry and examine how Josh came to work in it and why. Josh explains the high rate of medical bankruptcies in the US and how they come about, he breaks down why the industry contains so much price gouging, and he lays out the basis of how he approaches insurance from a different perspective. Martin and Josh discuss the ways in which access and cost are barriers to healthcare and also examine Josh’s business model.
Resources mentioned in this episode:
Contact email: info@urgeo.com
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