Healthcare IT News March 24, 2023
Value-based payment models by CMS have not yet resulted in significant savings to payers, providers or patients, says Health Affairs study.
A Health Affairs Council on Health Care Spending and Value Executive Summary released in February shows that since the 1970s, healthcare growth has outpaced economic growth.
The number one reason, according to the report, is advancement in care, and, in particular, cancer care, that brings higher costs for these technological innovations.
But close behind is the issue of pricing, according to Alan Weil, editor-in-chief of Health Affairs.
The Executive Summary gives recommendations for reining in costs and in particular, the “literally hundreds and hundreds of billions of dollars that are not associated with the direct provision of clinical...
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