Reforming Healthcare to Cut Cost

Executive Summary

The cost of health care has been a huge issue for the United States for over four decades. New healthcare technologies and care delivers have been the main contributor to prices escalating. While the cost of care continues to soar, it begins to put huge burdens on families, employers, and more importantly the government; the purpose of this proposal is to offer solutions to reducing the cost of health care, while being able to provide adequate care for patients. Thru the following recommendations 1. Growing usage of HIT and data systems, 2. Payment reform, we can began the journey of improving the cost of care.

Based upon the rising cost of healthcare, if there was an expansion to the HIT and data systems it would help equally identify and target individual patients to enhance awareness of the patient’s needs; this will help enforce a budget control because, health providers wouldn’t be running unneeded test and treatments that cost money. Lastly, changing incentives and associating payment to quality will cause providers to alter the way that they deliver healthcare to the patient.

Reforming Healthcare to Cut Cost

Healthcare has always been a concern within the United States since the turn of the twentieth century. The issue of care has become one of the biggest debates among presidential, state, and local government. Health spending is a major economic concern facing the nation; it also signifies threat to long-term economic security of both workers and retirees. Over the span of four decades, health care costs have climbed new heights. The growing rate of Medicare, Medicaid and other public health programs are the key contributors to the long term financial challenges facing the federal and state government. This paper presents recommendations based on the information gathered in the field of health care financing and delivery systems; researching the issues that influence both the cost and effectiveness of health care. This...