Tags: healthcare | quality | spending | cost sharing

Change Healthcare as We Know It

By    |   Friday, 31 May 2013 07:29 AM

Our healthcare delivery model has not served us well over the past several decades. During this time, our focus has been on providing access to insurance that covers excessive healthcare spending. This focus empowers extraordinary expenditures on high-volume services, irrespective of cost and value-added outcomes.

This conclusion is supported in a recent study conducted by the Bipartisan Policy Center of the Brookings Institute titled "A Bipartisan Rx for Patient-Centered Care and System-Wide Cost Containment." The authors of this report include former Sens. Tom Daschle, D-S.D., Pete Domenici, R-N.M., and Bill Frist, R-Tenn., along with Alice Rivlin, who is a senior fellow of economic studies at the Brookings Institute, former director of the Congressional Budget Office under President Reagan, as well as the director of the Office of Management and Budget and the vice chairman of the Federal Reserve under President Clinton.

This committee has recommended policies that will make improvements on the Affordable Care Act. The goal is to optimize value and the quality of healthcare while minimizing expenditures. This can be achieved through increased patient choice and enhanced competition among providers of healthcare products, services and insurance.

This study proposed catastrophic coverage with a beneficiary cost-sharing cap to limit the need for supplemental coverage, exemptions from applying physician visits toward the annual deductible, beneficiary cost sharing that is not applied to all preventive care treatments and for all covered treatments for those with incomes below 150 percent of the federal poverty level, higher beneficiary cost sharing for higher income individuals, elimination of sustainable growth rate model for physicians and a limitation of preferential tax treatment for luxury healthcare products and services.

This bipartisan committee has presented a very positive, balanced approach toward reforming our healthcare delivery system. Implementing these recommendations will be a great step forward toward a more fair and sustainable purchasing structure for essential products and services.

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Our healthcare delivery model has not served us well over the past several decades. During this time, our focus has been on providing access to insurance that covers excessive healthcare spending. This focus empowers extraordinary expenditures on high-volume services.
healthcare,quality,spending,cost sharing
310
2013-29-31
Friday, 31 May 2013 07:29 AM
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