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The Company That Solved Health Care: How Serigraph Dramatically Reduced Skyrocketing Costs While Providing Better Care, and How Every Company Can Do the Same Hardcover – October 5, 2010
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About the Author
Torinus has served as business editor and columnist at the Milwaukee Journal Sentinel.
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Top Customer Reviews
In the new plan, employee premiums dropped by about $1,500 to almost nothing, in return for $780/employee in a form similar to Health Savings Accounts, higher deductibles of $750, $1,000, or $1,500 (employee's choice; formerly $300), and 30% in network co-insurance (same as before). Maximum employee out-of-pocket expenditure/year is $3,250 to $6,000.Read more ›
He also drives home the point that when patients truly see how expensive their lifestyle choices are (smoking, being overweight, failing to follow a healthcare regimen recommended by a doctor, etc.), they make conscious choices to improve their health and therefore decrease their healthcare spending.
The major thrusts of his health plan are rewarding patient responsibility and creating a true market for health care with competition based on price and quality. These are things I've been saying for years. I took away two stars because the author fails to address how his health plan affects people who have chronic health conditions that have nothing to do with their lifestyle choices (Type 1 diabetes, epilepsy, allergies, etc.).
The main critics of consumer driven health care believe that families with children with these health conditions will be unable to afford care since the cost won't be as evenly distributed as it is under traditional health plans. This may or may not be true, but the author of this book didn't address it at all. I would think with the number of employees on his plan, he would have had experience with childhood diseases and "bad luck" and could shed some light on this situation.
Mr. Torinus bursts the bubble of costs and quality revealing the inner workings of our flawed system. Surprisingly, he does not only endorse his method as the solution but offers several different working plans that address the high cost of health care.
An insightful read well worth the price. I bought a copy for our HR director.
Senior executives always complain about the rising cost of healthcare, but no one does anything about it. "Success" is defined as working with your benefits administrator so that the premium increase is "only 9%" this year and being happy that at least it's not a double digit increase.
John Torinus is one executive who has not abdicated his responsibility in keeping healthcare costs down. Not accepting the standard premium increases at face value, John developed a program to provide transparency to health care costs and employee incentive programs that helped employees make consumer driven healthcare decisions. The result has been premium increases averaging <3% over the last 8 years, better quality of care and an engaged employee base.
The Company That Solved Healthcare provides practical and real world suggestions about what self insured employers can do to manage their healthcare costs. For example, Torinus details what happens when employees know that a colonoscopy can cost $400 or $4000, depending on where they go for service. While you might not be able to afford to do everything that John has done (starting a primary care clinic on-site), this book contains many ideas about what companies can do to start actively managing their health care spending.
Most Recent Customer Reviews
Nice job. The books arrived on time as promised. They were a hit at my team meeting last week.Published 18 months ago by Richard A. Loose
I'm involved in purchasing health insurance for about 120 people. We fight increasing costs from the predatory insurance companies. Read morePublished 21 months ago by Amazon Customer
Mr. Torinus has written a literal how to create and maintain a successful health plan for an employer. Read morePublished 22 months ago by Colin Smoak
John lays out the arguments for more accountable care in practical terms - employers can play a much bigger role to shape the new payment landscape. Read morePublished 24 months ago by JAD
Ideal book for those who need to learn the concepts of saving money for a corporation on medical costs, for a self-insured corporation with significant medical spendPublished on February 1, 2014 by William Wulf
I really enjoyed reading this book. I have taken an interest in the US healthcare system even though I have never lived in the USA and lived in nations with socialized... Read morePublished on December 27, 2013 by bbb
The tendency of anyone reading the book is to conclude "we could never do that!" Serigraph's story is well beyond replacing doughnuts with bran muffins in the break room. Read morePublished on July 10, 2013 by Jack Bruce
Quick easy read with lots of practical application. Obviously they put a great deal of effort into the processes and it is paying off. Read morePublished on February 27, 2013 by Tim Miller