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New data-driven simulator may help families select best health insurance policies

from Mary Ann Liebert Inc. via News-Medical.net

Using technologies originally developed to evaluate complex investments and portfolios, a new data-driven simulator is being developed to help individuals and families evaluate health plans and select the health insurance policies most likely to meet their projected needs, with realistic cost estimates under a wide range of potential healthcare outcomes. The simulator's ability to predict usage and costs for a variety of health services — both typical and unexpected — and to be tailored to specific attributes of families, physicians or other factors, is highlighted in an article in Big Data, the highly innovative, peer-reviewed journal from Mary Ann Liebert Inc. publishers. more


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