It’s no secret. The health care “system” isn’t working for millions of Americans.
Insurance premiums are rising. Deductibles are increasing. Risk shifting to patients is creating an explosion in medical debt and personal bankruptcy. Out of pocket expenses are soaring because of high deductible plans which leave patients with less disposable income. The Affordable Care Act will not solve these problems. Millions will remain uninsured or underinsured. The trends are going in the wrong direction and something must be done.
- 50 million uninsured, 25 million underinsured
- Out of pocket costs are $334 billion growing to $443 billion by 2020
- 240% increase in high deductible plan enrollment
- 20% of Americans with medical debt, 63% were insured when debt incurred
- 44% increase in medical bankruptcies accounting for 62% of all personal bankruptcies
Opportunity to create significant value through innovation
Concila has set our course to confront these challenges using technology and a disruptive business model which will enable patients to stretch their health care dollars when obtaining care. We’re on a mission to solve a critical problem and build an incredible business. We believe America is about to undergo a lengthy period of health care transformation due to technology. We believe Concila is in the right place at the right time. We welcome discussions with likeminded investors who have the capital, time, and experience to help us build a valuable and enduring company. If that’s you, let’s talk.
“Healthcare Uncovered”, Creating Solutions for the Patient Portion of Medical Costs”, Criterion Ventures, June 2008
“The New Normal In Health Insurance: High Deductibles”, Kaiser Health News, June 3, 2012
Kaiser/HRET Survey of Employer-Sponsored Health Benefits, 2006-2012.
National Health Expenditure Report, Centers for Medicare & Medicaid Services, Office of the Actuary.