alt Hacker NewsPwC Report: AI Making Medical Bills Higher
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In short: AI-based tools tend to "upcode" cases and bill for more serious conditions, and more expensive treatment.
(This is not about AI costing too much.)
Insurance companies spend a lot of time on bill review and disputes over coding. They will develop an adversarial AI process to counteract this (assuming they haven't already). Race to the bottom and we all win
Why is medical even a for profit system?
Just wait until we deploy the AI to optimise healthcare so that people die right at retirement age to maximise tax extraction and minimise healthcare usage
This reads like slop.
The four emboldened headings that make up the whole article sound like they’re straight outta chatgpt:
* what happened
* the devil is in the billing details
* the big but
* bottom line
I’m not sure that I’ve ever read a Fortune article before so maybe this is just their style. But I doubt it.
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No technology will make it cheaper for YOU, just improve margins for the chain of fleecing between provider and insurance. Demand for healthcare is inelastic like water or air, so they can charge whatever they want and you pay or die. AI will of course amplify your costs while improving their profits.