Forbes May 2, 2024
In the fury of the healthcare debates over the last decade, most people have come to realize that we spend a lot of money on healthcare in this country. On average, we spend about twice as much per person on health than other large wealthy countries. It’s also generally recognized that we aren’t getting our money’s worth. “Better health outcomes at lower cost” became the common theme for efforts to reform healthcare over the last 20 years, but we still have a long way to go in achieving the goal. CMS has tried to address the increasing cost problems with reimbursement cuts—including an additional 1.7% haircut that went into effect in March—but the efforts fall short of solving the underlying...
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