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5 minutes with a health insurance CEO on the next big thing

Dr. Sandeep Bajaj, left, and David Lewis.
Dr. Sandeep Bajaj, left, and David Lewis.

Health care is 17.5 percent of the gross domestic product. Think about that for a second: For every dollar spent in the U.S., about 18 pennies go to health care. One idea to curb the actual cost of health care is the Accountable Care Organizations, or ACO.

UnitedHealthcare and Florida Accountable Care Services announced a new ACO in Orlando yesterday. And this one deals with private and commercial health insurance, not just the government.

I spoke with David Lewis, CEO of UnitedHealthcare of Central and North Florida, and Dr. Sandeep Bajaj, founder and CEO of Florida Accountable Care Services. Hit the audio at the top of the story to hear the full interview.

Bajaj on what an ACO is:

“It is asking the providers to come together to put their heads together to come up with innovative solutions so that we can mitigate the cost and elevate the quality of our patients. There are almost 400 ACOs in the country that have formed. And about 23 percent are successful. Ours is one of those.”

Lewis on why people should pay attention:

“I think this is the wave of the future. This is a recognition that the most nimble and effective practitioner in our system today is a primary care physicians, sitting in the patient office visit room with the white coat and the pad. That’s where it all starts and that’s where it all should be coordinated from.”

Hit the audio at the top of the story to hear the full interview.