Stock prices for companies like Peloton and Zoom have soared in recent months.
On Monday, Zoom and Peloton took a hit after news of the effectiveness of a vaccine from the drug maker Pfizer, with investors hoping more people would start doing things outside their homes sooner than originally anticipated. Throughout the week, Zoom and Peloton’s prices crept up steadily after the complexities and challenges of getting a vaccine to the general public were revealed.
This week, as part of ABC’s “Perspective” podcast, ABC’s Daria Albinger spoke with Dave Packles, the irector of Product at Peloton, and Austin Cohen, the CEO of the app FlexIt, on what working out from home will look like once people resume normal activities.
“People have been treating fitness as a meeting,” Cohen said. “They have a thirty minute meeting. They go workout virtually for thirty minutes. They go back to their desk. Right? And then one hour past that first meeting that they had, and they’re back to work… It’s easy. It’s beautiful. You don’t waste time commuting to the gym.”
Packles said people have adjusted after months of training in their houses.
“In reality, people are being introduced to this [home workouts] for the first time. The norm was: ‘To get a workout in, I must go to a gym. I must go to a boutique class.’ Working out from home wasn’t as widespread. I think the pandemic is forcing people to kind of re-examine that. So you kind of have more people who are now trying it.”
Packles also said Peloton tries to tailor its workouts to different types of exercises, not just indoor bike riding, because people generally prefer to diversify their training and work out more than just by themselves.
“Working out in the physical presence of another person is always going to be the best,” Packles told ABC’s “Perspective” podcast. “Going for an outdoor ride with a friend, potentially going to a boutique class or going to the Peloton studio and feeling the energy of the people around you in the room? That’s always going to be such an amazing experience.”
“I think Peloton aims to try to capture the best things of that and bring that to them,” Packles added.
Cohen said the trend has even driven demand for a new job, the virtual trainer. However, he does not believe it will make gyms a thing of the past.
“Even if you’re not standing next to someone physically, they can still effectively be in your presence, motivate you, and hold you accountable. It’s a trend that we’re going to continue to see and
BOSTON, Oct. 22, 2020
The Physicians Foundation Releases New Survey on the Future of the Health Care System
BOSTON, Oct. 22, 2020 /PRNewswire/ — The Physicians Foundation, a national nonprofit advancing the work of practicing physicians to support the delivery of high-quality patient care, today released the results of a national survey of 1,270 physicians on the future of the health care system. When asked to rank their preferences for the future direction of the U.S. health care system, physicians ranked a two-tiered system featuring a single payer option plus private pay as the best direction. As part of the same question, physicians overwhelmingly ranked a government funded and administered single payer/Medicare for All system lowest among four potential options. The survey, COVID-19 And The Future Of The Health Care System, is the third in the Foundation’s three-part series, 2020 Survey of America’s Physicians, examining how COVID-19 is affecting and is perceived by the nation’s physicians.
The survey also asked physicians to rank a series of policy steps that would ensure access to high-quality, cost-efficient care. Physicians overwhelmingly indicated that efforts to “simplify/streamline prior authorization for medical services and prescriptions” was the most important thing that could be done to ensure access to care. Reimbursing physicians for providing telemedicine services and simplifying access to integrated mental health services each were tied as the next most popular choices.
“As we’ve seen from our data over the past few months, COVID-19 has had a tremendous impact on physicians. We know that burnout continues to grow as a result of frustration with the pandemic and our current health care system, and you see that in this survey’s results,” said Gary Price, MD, president of The Physicians Foundation. “Physicians are fed up with being unable to practice medicine the way they were trained to do so. They are tired of fighting insurers and PBMs to get patients the treatments they need, and they want change. They want to be able to offer the services patients need and want.”
Direction of the Health Care System
While physicians’ overall preference is for a hybrid approach, their opinions on other options for organizing our system yielded significant insights. Most surprisingly, maintaining or improving the current Affordable Care Act (ACA) influenced program did not initially rank high, with only 19% selecting this as number one on the one to four scale. Instead, 30% of physicians (the second highest percentage) chose moving to a market-driven system with Health Savings Accounts (HSAs) and catastrophic policies as number one. It wasn’t until the next levels (two to four) were added that improving the current ACA system became more highly ranked (49%) than transitioning to a market-driven/HSA model (45%). The survey found significant polarity in support for HSAs: thirty percent of physicians rated it a number one, but 42% also rated it a four.
Support for a