From Farzad.
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I worked at Tesla starting from 2017 thru 2021. I spent most of my time in the distribution and supply chain organizations in leadership positions.
Before Tesla, I was a Director of Business Intelligence and Pricing at the largest Pet Food & Supply distributor in the US, Phillips Pet Food & Supplies. My wife and I also owned a small business in Bethlehem, PA between 2016 and 2019.
I have been a shareholder of Tesla since 2012 and currently own Tesla stock. Nothing I say constitutes as investment or financial advice.
My thoughts are my own and are not representative of everyone who currently works, or has worked at Tesla, Phillips, or any other company or organization I discuss on this channel.
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The Healthcare Crisis: How We Can Save $1 Trillion and Improve Outcomes
In this special episode, hosts Larry, Hans, and Farzad are joined by Michael Gorton to tackle the pressing issue of healthcare in the United States. Despite having the most expensive healthcare system, the U.S. has the worst outcomes among developed nations. This episode dives deep into the complexities of the healthcare system, the bureaucratic hurdles, and the monopolies that plague it. Michael shares his experiences founding Teladoc and the resistance he faced. Larry presents a detailed analysis of the inefficiencies and proposes a four-phase, eight-year roadmap to revolutionize healthcare, emphasizing price transparency, competition, value-based payments, and prevention. This comprehensive discussion aims to illuminate the path toward significant reforms that could save up to $1 trillion annually and improve life expectancy by four years.
00:00 Introduction to the Healthcare Crisis
01:22 Special Guest Introduction: Michael Gorton
02:32 The Birth of Teladoc and Its Challenges
08:07 The Healthcare System’s Financial Burden
11:23 Comparing Global Healthcare Systems
17:15 The Complexity of Healthcare Costs
22:48 The Role of Insurance and Government
31:36 Monopolies and Market Dynamics
48:02 Aligning Incentives for Better Outcomes
49:09 Rewarding Outcomes Over Procedures
49:40 The Expansion of Hospitals
51:00 Price Transparency and Market Competition
55:09 Preventable Diseases and Healthcare Costs
58:34 Administrative Waste in Healthcare
01:02:09 Market Concentration and Monopolies
01:03:07 The Need for Price Transparency
01:12:54 Behavioral Changes and Prevention
01:17:27 An Eight-Year Roadmap for Healthcare Reform
01:26:13 Call to Action and Conclusion
