In this talk hosted by Ezra Klein of Vox Media, Bill Gurley of Benchmark Capital shares his thoughts on the US healthcare system and opportunities to innovate within it. His thoughts are the result of over 2 years of research into the space which recently culminated in a healthcare tech investment.
As Bill shares, the fact that physicians serve patients but that patients effectively pay their employers who pay insurance companies who pay physicians creates several agency problems and misaligned incentives. The problems are too large and the industry is too entrenched for any company to single-handedly solve, but startups can create value by tackling specific parts of the value chain.
Also published on Medium.