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The Long-Overlooked Solution To Upend Health Care Economics: Bringing the Hospital Home

NORTHAMPTON, MA / ACCESSWIRE / May 4, 2023 / Aflac Incorporated

Originally published in Fortune

By ROBERT REISS

For two decades I've been on hospital boards, observing the challenges of our national health system. Now, after personally interviewing over 100 leading health care CEOs, the problem is becoming clear: The current incentive system is actually backwards. It favors services rendered in hospitals by reacting to illness instead of preventing it and creating wellness.

"From an insurance perspective, we know the extraordinary value of preventative care, particularly when dealing with potentially catastrophic challenges like cancer or heart disease. From a human perspective, we know that the chances of survival rise exponentially with early detection. We also know that from a financial outlook, preventing a disease is a lot less costly than treating one for both the patient and insurance carrier," Virgil Miller, the president of Aflac U.S., told me.

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Continue reading the full article here.

Aflac Incorporated, Thursday, May 4, 2023, Press release picture
Aflac Incorporated, Thursday, May 4, 2023, Press release picture

The cost of health care can be reduced through a mix of preventative and at-home care.

Photo: GETTY IMAGES

View additional multimedia and more ESG storytelling from Aflac Incorporated on 3blmedia.com.

Contact Info:
Spokesperson: Aflac Incorporated
Website: https://www.3blmedia.com/profiles/aflac-incorporated
Email: info@3blmedia.com

SOURCE: Aflac Incorporated



View source version on accesswire.com:
https://www.accesswire.com/752993/The-Long-Overlooked-Solution-To-Upend-Health-Care-Economics-Bringing-the-Hospital-Home