The Bipartisan Policy Center’s Health Care Cost Containment Initiative reports better prioritized healthcare quality and incentivized states could lead to $560 billion in savings. In their report, “A Bipartisan Rx for Patient-Centered Care and System-Wide Cost Containment”, they offer 4 key recommendations critical to transforming the US Healthcare system.
The recommendations aim to improve healthcare delivery and payment in both the public and private sectors. While all four recommendations are essential, two of them, improving Medicare and reforming tax, have the most immediate impacts on delivery and cost. The four key recommendations are:
- Improving Medicare in order to Incentivize Quality and Care Coordination
This goal is to strengthen the original promises of Medicare, but also offer new options to beneficiaries through Medicare Networks that could allow both beneficiaries and their providers to share in savings.
- Reforming Tax Policy and Clarify Consolidation Rules
Reforming tax policy and clarifying consolidation rules will encourage greater efficiency and competition in the healthcare marketplace. Modifying the current ESI tax exclusion, and revising the Cadillac tax are recommendations included in this strategy.
- Prioritize Quality, Prevention and Wellness
Lowering barriers to implementing integrated systems, expanding preventative care and implementing workplace wellness programs can be used effectively to lower health costs and improve overall quality.
- Incentivize and Empower states to Engage in Needed Reforms
Incentives and resources are better used to support care coordination or accountable care delivery models than government mandates. It is extremely important to have all participants of the US healthcare system working together to transform care delivery and payment reform.
For more details on the Bipartisan Initiative’s recommendations, please click here or the image below to download the full report.