Latest posts by John Pritchard (see all)
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In a recent interview with CNBC, John Bardis, chairman, president, CEO, MedAssets, discussed the impact of healthcare reform and insurance exchanges on providers. Among the topics Bardis discussed:
- The hospital census has been down over the course of the last year, in part due to the uncertainty associated of the Affordable Care Act, but also because many people with high deductible plans are being more prudent as a result of the dollars they will have to use out of pocket. “We’re seeing utilization change,” Bardis says.
- Whether it’s a good thing or bad thing that consumers are holding back on healthcare spending remains to be seen. “We’re going to find out over time whether we have pent up demand that we’re going to see a bolus of, or in fact people are managing their health a little more efficiently.”
- Bardis believes the spirit of the Affordable care act is a very good thing. However, we also have problems in healthcare, he says. “We’re a $2.7 trillion portion of the economy. It’s 17-18 percent of GDP — the next closest Western nation is 9 [percent] — and we spend $8,700 for every man, woman and child. The next closest Western nation is less than $3,800. So we have a cost problem.”
Bardis also has some valuable insights on pricing and outcomes that he shares in the interview. To watch the interview, visit http://finance.yahoo.com/video/obamacare-game-changer-ceo-104300219.html