The Healthcare Cost Dilemma: What Health Insurance Companies Can Do to Mitigate Unsustainable Premium Increases

The Healthcare Cost Dilemma: What Health Insurance Companies Can Do to Mitigate Unsustainable Premium Increases

Russ Danstrom (Anthem Blue Cross Blue Shield, USA) and Jeff Nicola (Anthem Blue Cross Blue Shield, USA)
Copyright: © 2004 |Pages: 22
DOI: 10.4018/978-1-59140-243-5.ch006
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Abstract

The current state of the healthcare industry is one of flux and change. Countless articles and books have been written about the topic, and most suggest either putting control of healthcare into the hands of the consumer — much like we did with retirement planning — or government-based care rationing to a much greater degree than we already do today. So many factors have contributed to the rising costs of healthcare that one can barely grasp the grave realities of what the future holds. Projections of healthcare cost inflation have revealed future increases from 12% to 15% year-over-year into the foreseeable future. While quite disturbing, is this really surprising? Is there any other industry where purchase criteria does not include price? Can you imagine going to the grocery store, filling your cart, taking your groceries home and then getting the bill a few weeks later? Would you shop differently if you did not know the price? Who would buy the generic store brand, the larger size package, or wait for a sale? Nothing would ever go on sale. It would be difficult to make value decisions when benefits are known but not the price.

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Table of Contents
Foreword
Jim Goodnight
Chapter 1
Stephan Kudyba
Despite the research written, the software developed and the business applications that can be enhanced by it, the terms data mining and... Sample PDF
Data Mining and the World of Commerce
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Chapter 2
Àkos Felsõvályi, Jennifer Courant
Banking has changed rapidly over the last decades due to the ability to capture massive data sets easily and the availability of new tools for... Sample PDF
Data Mining and the Banking Sector: Managing Risk in Lending and Credit Card Activities
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Chapter 3
Vernon Gerety
“The house always wins” is a common reprise for the empty pocket tourist leaving the gambling tables at Vegas. You do not need to be a professional... Sample PDF
Credit Scoring and Risk Management for Small Business Lending
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Chapter 4
Jeff Hoffman
NASA Missions are as varied as the mandate of the agency. From using satellite imaging to study climate change to scanning deep space with the... Sample PDF
The Utilization of Business Intelligence and Data Mining in the Insurance Marketplace
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Chapter 5
Navin Sharma
One of the largest direct-selling companies in the world, with sales forces in the U.S. and abroad, sells a line of beauty, health, and fitness... Sample PDF
Sales Force Management in the Consumer Product Industry
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Chapter 6
Russ Danstrom, Jeff Nicola
The current state of the healthcare industry is one of flux and change. Countless articles and books have been written about the topic, and most... Sample PDF
The Healthcare Cost Dilemma: What Health Insurance Companies Can Do to Mitigate Unsustainable Premium Increases
$37.50
Chapter 7
Theodore L. Perry, Travis Tucker, Laurel R. Hudson, William Gandy, Amy L. Neftzger, Guy B. Hamar
Healthcare has become a data-intensive business. Over the last 30 years, we have seen significant advancements in the areas of health information... Sample PDF
The Application of Data Mining Techniques in Health Plan Population Management: A Disease Management Approach
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Chapter 8
Robert Young
At PHD Canada, we deal in “time and space” — a phrase used when the term “media management” draws blank stares at cocktail parties. There are... Sample PDF
Toiling in the Media Data Mines
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Chapter 9
David Martin
The idea of panel-based Internet audience measurement was a child of the late 1990s “dot-com” era, where financial analysts hinged predictions of... Sample PDF
Audience Measurement Applications for Online Advertising and E-Commerce
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Chapter 10
Nicholas Galletti
The electric industry has undergone a radical transformation over the last five years. Prior to the late 1990s, the industry was heavily regulated.... Sample PDF
Taking a Close Look at the Evolving Utilities Industry: Factors that Drive Volatility and Methods to Help Manage It
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About the Editor
About the Authors