Healthcare Finance News March 27, 2024
CBO fielded questions from lawmakers ranging from AI and machine learning to healthcare consolidation and transparency.
Answering a series of questions from lawmakers, the Congressional Budget Office addressed artificial intelligence and machine learning in healthcare, determining that the evidence on the usefulness of the technology is mixed, particularly when it comes to costs, according to the report released on March 22.
AI and ML tools might affect healthcare costs in the future in many ways, CBO said, including by detecting illness earlier or identifying patients who might benefit from preventive interventions. But while some uses of those tools might reduce costs by preventing the need for costlier care or eliminating unnecessary care, others might increase costs by spurring the development...
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