3 ms·
> Big data is coming Big _bad_ data... Let's see how we fare in 5y, then. My prediction as a clinician with a special interest in stats: close to zero medical
by rscho 5y ago
> Big data is coming
Big _bad_ data... Let's see how we fare in 5y, then. My prediction as a clinician with a special interest in stats: close to zero medical progress. But insurance priced by a ML algorithm, and much greater efficiency in coverage and claim denials.
- nradov 5y agoDue to the Affordable Care Act (Obamacare), medical insurers have very little flexibility in pricing policies. There's not much point in using ML for pricing. https://www.healthcare.gov/how-plans-set-your-premiums/ https://www.healthcare.gov/how-plans-set-your-premiums/ The more likely use case for ML is detecting insurance fraud patterns.
- webmaven 5y ago> The more likely use case for ML is detecting insurance fraud patterns. I think that's covered under "much greater efficiency in coverage and claim denials."