Fixing the Broken Healthcare System: A Fiduciary Approach to Employee Benefits

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Inside BS Show

Dave Lorenzo

947 episodes

5 days ago

Would you like to work with better clients, make more money, and build a business that gives you true freedom? Have you struggled with the loneliness that comes with working long hours and solving the dozens of complex problems you face as an entrepreneur? Do you ever feel like the most valuable business secrets are shared behind closed doors—where only insiders have access? Welcome to The Inside BS Show—your daily invitation to step behind the velvet rope and into the room where real business leaders talk strategy, success, and scale. These are your people. They've been where you are, and they've gone where you want to go. But most importantly, they feel your pain and can help it go away. If you're an entrepreneur, CEO of a private company, or leader of a professional firm, this show is your secret weapon. On each show we break down the business growth strategies that insiders use to win—revenue generation, building influence, succession planning, hiring top talent, navigating legal minefields, and crafting an exit strategy that maximizes value. But this isn’t just a podcast—it’s a community. We don’t just talk at you; we bring you into the conversation. Your host, Dave Lorenzo (The Godfather of Growth), gives you an exclusive front-row seat to the insights, strategies, and behind-the-scenes conversations that drive business success. A new episode drops each Wednesday at 6 AM. Want to connect with Dave? Call (305) 692-5531. What are you waiting for? Join us ON THE INSIDE.

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Fixing the Broken Healthcare System: A Fiduciary Approach to Employee Benefits | 950

Inside BS Show

47 minutes

1 month ago

Fixing the Broken Healthcare System: A Fiduciary Approach to Employee Benefits | 950

In this episode of The Inside BS Show, Dave Lorenzo and Nicola “Nicki G” Gelormino pull back the curtain on the broken employer healthcare system with guest Donovan Ryckis, founder and CEO of Ethos Benefits. Donovan reveals how misaligned incentives, opaque pricing, and lazy brokers have cost American businesses billions—and how smart CEOs can fight back.

Key Topics Discussed:

How the healthcare system is rigged against employers—and what you can do about it.
The difference between a broker and a fiduciary—and why it matters more than you think.
Why most companies are overpaying by 30–40% for employee health plans.
How cash-pay and international mail-order pharmacy programs can slash drug costs.
What every CEO should know about PBMs (pharmacy benefit managers) and stop-loss insurance.
Why “self-funded” plans can outperform traditional coverage when managed properly.
Three compliance steps every business owner must know under the Consolidated Appropriations Act.
The coming wave of lawsuits against companies that fail to manage healthcare fiduciary responsibilities.

Links and Resources:

Watch Donovan’s documentary: It’s Not Personal, It’s Just Healthcare – EthosBenefits.com
Connect with Donovan on LinkedIn: Donovan Ryckis
Buy The 60 Second Sale book: Amazon Link
Subscribe via Email: GetInsideBS.com
Listen on Spotify: Inside BS Show on Spotify
Listen on Apple Podcasts: Inside BS Show on Apple Podcasts
Call Us: (305) 692-5531

Call to Action:
If you’re a business owner, CEO, or advisor who’s tired of paying more for less when it comes to healthcare, this episode is your wake-up call. Learn how to take control of your benefits strategy, cut costs, and protect your team the right way.