Ep. 13 Larry Thompson: Healthcare Reform Starts with Understanding Systemic Accountability

Send us a textUnderstanding Healthcare Reform—What Industry Leaders Know That Others Don'tLawrence Thompson brings 35+ years of healthcare leadership experience to a conversation about what it really takes to improve the American healthcare system. As CEO of Benefit Systems Inc., with previous executive positions at Aetna Life & Casualty, HealthAxis, and HealthNow where he managed over $1 billion P&L, Larry offers insights that only come from working inside the system at the highest levels.Vinny welcomes Larry for an honest discussion about why independent perspectives matter in an industry where financial incentives often shape the narrative. Larry shares what he's learned about broker relationships, PBM transparency, stakeholder alignment, and why understanding how the system actually works is the foundation for meaningful change.The conversation explores how employers can build better partnerships with brokers when incentives align around long-term value rather than short-term commissions. Larry discusses the importance of transparency in pharmacy benefit management and why clearer visibility into costs and contract terms empowers better decision-making.Larry emphasizes that improving healthcare requires engagement from all stakeholders—insurance companies, hospitals, pharmaceutical manufacturers, PBMs, brokers, consultants, and government regulators. When these groups work toward shared goals, progress becomes possible. He shares thoughts on value-based care models, the pace of innovation in healthcare, and emerging transparency tools that employers can leverage.Larry is writing a book examining each healthcare stakeholder's role and opportunities for positive contribution. His focus is on fostering understanding about how financial incentives shape decisions throughout the industry, believing that informed stakeholders can make better choices that benefit everyone.Disclaimer: This content is for educational purposes only. Please discuss your specific situation with your health benefits administrator or insurance provider for personalized guidance.

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