Mark Cuban
๐ค SpeakerAppearances Over Time
Podcast Appearances
I'll go out and use an open source model that's spidered everything that's open and free on the internet, but I'm gonna add all the expertise that I have and all the expertise that I create in the future so that it is specific to me and I can charge for it or use it however I deem fit. And what's gonna end up happening is within medicine, some of the models will pay.
If you pay the Mayo Clinic enough money, They'll let you have that stuff. And others will want to retain it as part of their brand.
If you pay the Mayo Clinic enough money, They'll let you have that stuff. And others will want to retain it as part of their brand.
On a bigger picture, there are going to be millions of models. Right now, we see it as open AI. We see it as Gemini, Meta, whatever it is, these big foundational models. But the reality is there's going to be millions of them. Jon Stewart's going to have a model.
On a bigger picture, there are going to be millions of models. Right now, we see it as open AI. We see it as Gemini, Meta, whatever it is, these big foundational models. But the reality is there's going to be millions of them. Jon Stewart's going to have a model.
Well, yes and no. Right. I just did this big post on Blue Sky. Right. M Cuban on Blue Sky, if you want to read it.
Well, yes and no. Right. I just did this big post on Blue Sky. Right. M Cuban on Blue Sky, if you want to read it.
Yeah, it's actually a great platform. Just download that app, Blue Sky App. All right. But in any event, the bigger question is, why are we putting insurance companies in that role? Why are you is that the role of denying? I thought that's the preauthorizations. Why would why would anybody hire an insurance company who tries to make money by reducing the amount they pay out? That's their interest.
Yeah, it's actually a great platform. Just download that app, Blue Sky App. All right. But in any event, the bigger question is, why are we putting insurance companies in that role? Why are you is that the role of denying? I thought that's the preauthorizations. Why would why would anybody hire an insurance company who tries to make money by reducing the amount they pay out? That's their interest.
Why would we ask them to do preauthorization?
Why would we ask them to do preauthorization?
Right. But the whole point is probably half the people who are covered in this country are The insurance companies are involved, but they don't really act as insurance companies.
Right. But the whole point is probably half the people who are covered in this country are The insurance companies are involved, but they don't really act as insurance companies.
Well, no. What I'm saying is there are 50 million lives covered by self-insured organizations, from companies to unions, whatever it may be. And they use insurance companies for their network, you know, all the hospitals they put together and for their apps. But they also use them to do the pre-authorizations.
Well, no. What I'm saying is there are 50 million lives covered by self-insured organizations, from companies to unions, whatever it may be. And they use insurance companies for their network, you know, all the hospitals they put together and for their apps. But they also use them to do the pre-authorizations.
And my question to them has been over the past four or five months has been, why are you using insurance companies for pre-authorizations when you are the, you CEO of that union or company are, you know, basically the ones that make that decision whether or not you're willing to pay for it or not.
And my question to them has been over the past four or five months has been, why are you using insurance companies for pre-authorizations when you are the, you CEO of that union or company are, you know, basically the ones that make that decision whether or not you're willing to pay for it or not.
So you're still paying this large- Let me just tell you how insane our- It's truly insane. Right. It was mind-boggling to me. I was almost this many days old when I found this out.
So you're still paying this large- Let me just tell you how insane our- It's truly insane. Right. It was mind-boggling to me. I was almost this many days old when I found this out.
When you think about your deductible, your co-pay, and your co-insurance, What it is you have to pay up to before the health company kicks in, your co-pay a specific amount to see a doctor, or your co-insurance, like on original Medicare where you have to pay 20% or some percentage of the total.