This CEO believes that hospitals and the local community should spend more money on programs to engage the patient in healthcare. If the hospital increases their costs, that gets passed either directly on to the patient or financed through the insurance company. Then the patient/policyholder will end up paying a higher cost.
He also believes that having more data will help predict outcomes and prevent them.  How about the data they hold now about overpriced claims?  Providers are overcharging on purpose to go against their 'PPO Discount', and we are still left paying more than the value of that service. Utilization of health plans in certain ways such as ER visits versus Urgent Care, or avoiding overpriced and time wasted doctor visits versus a virtual setting with a live doctor at a reduced cost.

How valuable would it be to have access to claim data to help control outcomes of your employees?  There are ways to help employees make better decisions with their healthcare and keep more in their pocket?  The programs are out there for employers to start cutting costs. Make sure you are in the right program to control the healthcare expenses and reduce your costs.

Here is the article: The CEO of one of the largest health insurers in the US explains why he thinks healthcare costs so much