From the course: The Data Science of Healthcare, Medicine, and Public Health
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Data science and health insurance
From the course: The Data Science of Healthcare, Medicine, and Public Health
Data science and health insurance
- [Instructor] For a lot of people, insurance is roughly in the same category as tax audits or colonoscopies. Something that may be a necessary evil in certain cases, but hopefully for just other people, and something you'd really rather not acknowledge its existence at all, but to state the painfully obvious, healthcare costs money. And regardless of whether you deal with private insurance or nationalized healthcare, that money has to come from somewhere. And that's why we're all in the risk pool. The group that spreads the costs and benefits of healthcare around as wide a group as possible. And besides, health insurance is a gargantuan trillion dollar industry, and there's a lot that an interested data scientist can do there. If you need some motivation, you can think about the potential for saving lives. So for instance, in 2020, a report by Deloitte for MedTech Europe found the following. They looked at the…
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