How We Reformed State Government to Save Billions with Christin Deacon

Episode 163

The Paradocs Podcast

How We Reformed State Government to Save Billions with Christin Deacon

It's easy to become despondent about controlling spending or eliminating waste through reform on government expenditures. We've all seen the headlines about the $1 million hammer or toilet seat and governments losing track of money. Also, with all the people who have been elected on the platform of 'transforming' government or making it efficient, there has been almost nothing but the exact opposite happen. It's why the joke about death and taxes not only funny but very true.

To make matters worse, imagine government getting involved in the purchase of a product that is incredibly expensive and wasteful - US health care. This is a recipe for budget overruns, poor health outcomes, and a bottomless pit of spending. The opportunities for wasteful spending is so great and the lobbyists to keep the gravy train of spending so powerful that tackling it at the state level seems hopeless.

Yet that is exactly what Christin Deacon did.

Reforming New Jersey's Health and Benefits Plan

Maybe it's because Christin Deacon didn't know any better but she looked at the amount of money being spent on New Jersey's health and benefits and actually thought she could find some meaningful savings for taxpayers. To her credit, she asked the questions that no one had asked and pursued solutions that no one had seriously tried before. Through her persistence, Deacon helped save New Jersey citizens over $500 million per year for years. Those billions of dollars have been used to fill other gaps in the state budget and most importantly, haven't been thrown away on poor contracts or inflated pricing.

Christin Deacon is an attorney and worked as the assistant director of the Division of Pension and Benefits for the New Jersey Department of Treasury where she saved taxpayers billions of dollars through her reforms. She currently works at 4C Health Solutions in the private sector.

 

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show notes

Episode 163: Today's show

4C Health Solutions: Deacon's current company where she serves as a health care consultant and advisor.

Business Solver Talk: Another interview where Deacon talks about how she is reforming New Jersey's benefits plan.

LinkedIn: This is a great follow to get nuggets from Christin Deacon on the changing landscape of health care.

Email for Deacon: cdeacon@4chealthsolutions.com

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