Mark Cuban told Brainstorm Tech that people have more control over insurance companies than they realize.
Category
🤖
TechTranscript
00:00National news around the UnitedHealthcare CEO.
00:04Yeah.
00:04With all that, to pick that apart a little bit,
00:07it touched a nerve in this country.
00:09How should the health industry interpret that moment moving forward?
00:14Because you're trying to disrupt one part of it.
00:16Yeah, it's brutal.
00:17The insurance companies, rightfully so, are getting a lot of help.
00:20Because 18% of the claims that they get, they deny,
00:24and 99% of those that actually are challenged get approved.
00:29Yeah.
00:30Which means it's just bullshit.
00:31We as consumers, and we as companies,
00:34have more control over the insurance companies than we realize.
00:38Because it's been so opaque up to this point,
00:41everybody realized the insurance companies have all the power.
00:44They don't.
00:45I really think that Congress is going to step up
00:49and do something about denials and pre-authorizations and all that.
00:54It's just too political.