No. of Recommendations: 1
And let's enumerate some benefits:
US healthcare prices vary widely; on average, prices for the same healthcare services differ by 40 to 50 percent within a given US metropolitan statistical area (Exhibit 1). This means substantial economic value is at stake in commercial rate negotiations between care delivery organizations and payers. Given that annual spending for commercial healthcare claims is roughly $1.1 trillion, every increase or decrease of 1 percent in commercial reimbursement rates leads to an increase or decrease of about $11 billion in national healthcare claims spend.1040-50% price differentials in the same metro area: that's the very textbook definition of inefficiency.
Much more in the article.
Will this fix US health care? Not by itself. Supply and demand needs to be addressed, and for that I would point interested readers here
amazon.com: Book or product pageChristensen, C., Grossman, J. and Hwang, M., 2010,
The Innovator's Prescription: A Disruptive Solution for Health Care, McGraw-Hill.
