Today I will be discussing “Keith Smith on Free Market Health Care”. Overall the aspect this company chose to foresee would be Free Market Health Care and taking on a business that is more beneficial to the public. In this given situation, the creator of the company chose to open up a stand-alone healthcare business that does not require insurance or any other type of coverage. This draws more attention to the company because some individuals find it more difficult to deal with insurance companies and prefer to sometimes just pay in cash or with a card. Also explained in the discussion, It was revealed that most healthcare companies or hospitals have an individual insurance plan to give an estimate. For example, if a hospital says it is going to be a hundred thousand dollars for surgery and the insurance will cover fifteen thousand of that, the hospital will claim they lost the amount that the insurance did not cover, but in reality, the hospital took that money for profits. I find this entrepreneurial because of the action that was taken to create Free Market Health Care. Entrepreneurs like to observe and take action on things in different ways than most individuals, Keith Smith decided to take action and create his organization offering substitute payment plans regarding human values.
I find this interesting because of the completely different approach to providing for individuals. Most of the time people are only focused on their health or insurance plan, most people don't think to realize how much unnecessary spending may be involved for all of these things. Keith chose to take the route of exposing other corporations for all of their wrong doing and giving the people what they truly need, being fair-priced health care. I also found this interesting because of the work that goes into something like this. As an example, in the discussion, they talked about the risk being taken when it comes to surgeries going as planned or what surgeons or doctors they should trust when doing surgery on another person.
When first considering going through the process of surgery in this organization, society might believe this is too good to be true because of the fairly adjusted price and easy process that does not require insurance companies. When presented with fees and additional charges through a healthcare provider most people don't even want to listen. Society seems to favor the optionality included with the payment options like bitcoin for example or even other things like cashier's checks, regular checks, cash, and even credit or debit card making it very easy when it comes to a payment plan. I think when most individuals realize this is completely true even though it may sound like it's not that they would fully support it. Lower pricing will also allow families or individuals with lower incomes to be recommended to this company. There are no add-on factors or overly priced procedures unless doctors decide to recommend you to them, which may be the case because everyone is different, but for the most part, everyone is completely honest with their patients which was also explained in the discussion after the employee recruitment process. The interaction between business and society is still growing, after further recognition more and more individuals are choosing to use the company for their health care because of the certain benefits. More people also choose to do so because of the no insurance policy, making it easier for individuals or families in need of urgent care.
