This year’s Future of Health Seminar returns to Sydney on Monday 15 October at Amora Hotel. The theme ‘In Sickness and in Health’ reflects the emerging shift from managing disease to managing wellness.
In Health, the momentum of change is gathering pace with advances in digital technologies and artificial intelligence. In addition, there is growing recognition that managing health and encouraging protective activity and habits will forestall illness or reduce it’s severity. New models of care are being regularly discussed and road tested.
This poses major challenges for a healthcare system designed in an analog age, and funded for care of sickness events. Now is the perfect time to start discussing what the future of private health insurance (PHI) will look like, and what the role of actuaries will be in this shift.
- Some issues that will be discussed include: New interventions in oncology and other parts of medicine that can be life changing but are expensive
- Funding such interventions and who decides where the cost will borne
- Ethical considerations regarding the overall spend on health
- Examples of digital advances and new healthcare (vis-a-vis sickcare) models will require changes to healthcare systems and paradigms
- can the system accommodate these advances, and who will pay for them
- will digital advances exacerbate the health inequality of narrow it?
- What does the perfect model look like?
- What will be the role of actuaries?
- Will future PHI be affordable? If not, what has to change?
There is a wide variety of current literature around this shift and how it is trending in society now. This is the perfect time to start discussing what the future of private health insurance (PHI) will look like, and what the role of actuaries will be in this shift.
Some questions that will be discussed include:
- Will everyone make the shift?
- What does the perfect model look like?
- What will be the role of actuaries?
- What challenges might we face in the future?
- Will future PHI be affordable?