CAN WE REWARD HEALTH RATHER THAN PAY FOR ILLNESS?
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Bridging Tech and Wellness: A Revolutionary Approach to Health Insurance Two things many people have are phone banking and car insurance. Years ago, using your phone to handle your finances was fraught with worries about safety and confidentiality. But now it is the norm to use smartphone apps to do most financial transactions and most people have confidence in the systems that protect them. Car insurance is mandatory, but the costs are offset by no claims bonuses or being monitored when a new driver. Why can’t we combine these commonly accepted practices to bring about a revolution in health care? With secure technology, worries around confidentiality can be easily assuaged. So how about insurance companies modifying their health plans to allow reductions or benefits in response to maintaining and/or improving personal health? With todays technology, alongside nearable and wearable sensors, people can get real time information about many aspects of their health and act on it acc...