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Chief of Congressional Budget Office (CBO) cites 4 key points for health care reform
Colleagues,
As reported in AdvaMed SmartBrief & The New Health Dialogue Blog (2/11) ...New CBO Director Douglas Elmendorf's appearance before the Senate Budget Committee on the budgetary impact of health care reform was another sign of emerging points of consensus on health care reform, including the need to replace the fee-for-service payment structure with a payment system based on value.
Elmendorf made four key points:
1. Near-universal coverage could be achieved through three reforms
a. Risk-pooling
b. Subsidies for those who can't afford insurance
c. Requiring everyone to buy coverage
2. Much health spending adds little clinical value, but we must keep an eye on quality as we strive for efficiency.
3. We need incentives to provide better care rather than more care, and providers need better information to help drive high-quality care.
4. Some valuable reforms may not substantially reduce costs in a 10-year budget window, but may pay dividends in long-term savings...
Read on at: http://www.newamerica.net/blog/new-health-dialogue/2009/health-refo...
ENJOY!
CC
As reported in AdvaMed SmartBrief & The New Health Dialogue Blog (2/11) ...New CBO Director Douglas Elmendorf's appearance before the Senate Budget Committee on the budgetary impact of health care reform was another sign of emerging points of consensus on health care reform, including the need to replace the fee-for-service payment structure with a payment system based on value.
Elmendorf made four key points:
1. Near-universal coverage could be achieved through three reforms
a. Risk-pooling
b. Subsidies for those who can't afford insurance
c. Requiring everyone to buy coverage
2. Much health spending adds little clinical value, but we must keep an eye on quality as we strive for efficiency.
3. We need incentives to provide better care rather than more care, and providers need better information to help drive high-quality care.
4. Some valuable reforms may not substantially reduce costs in a 10-year budget window, but may pay dividends in long-term savings...
Read on at: http://www.newamerica.net/blog/new-health-dialogue/2009/health-refo...
ENJOY!
CC
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