How AI Can Supercharge GDP and Bring Down Costs in the Medical Field

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Episode Description

Full episode: https://youtu.be/86t6YNf_B7Q

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Brief Summary

AI's potential to boost productivity and GDP through enhanced healthcare efficiency is discussed.

Key points

  • AI's Impact on Healthcare. AI could revolutionize the healthcare system, making checkups more accessible and affordable.
  • The Future of Diagnostics. With AI, doctors could see 10 times as many patients, transforming diagnostic care.

Transcript

there was a lot of talk on the on the flip side on the GDP side what if actually AI can increase productivity and regrow GDP faster than expectations even taking doctors as an example this new company coming in and developing kind of a diagnosis engine and already a third of US physicians are on the platform using it you know 10 times a day to kind of help diagnose you multiply that by the legal profession coding I think we're already seeing what if we just see an explosion of productivity gains across both the physical and the digital economy the doctor wants a good example if someone had the opportunity to go get more regular preventative checkups they would

the problem is it's very expensive it's hard to get an appointment or insurance won't cover it but if the cost to a doctor goes down because they can leverage AI the throughput goes up by 10x they can see 10 times as many patients per day then suddenly diagnostic care becomes more available they can charge for that they don't need to charge the same amount the price will come down per checkup more people will be able to get a checkup per day so that grows GDP in diagnostic

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