Report: Innovative Changes to Healthcare Delivery Could Save $2 Trillion
Jan. 11 — Accelerating innovations to the nation’s healthcare delivery system
could reduce healthcare spending growth by $2 trillion from 2014 to
2023, according to a report released today by The Commonwealth Fund Commission on a High Performance Health System.
According to the report, Confronting Costs: Stabilizing U.S. Health Spending While Moving Toward a High Performance Health Care System,
a comprehensive set of policies that would change the way public and
private purchasers pay for care, enhance consumers’ choices of
high-value care, and address the market forces driving up costs could
drive big savings in health care over a decade.
The approach outlined in the commission’s report is based on three groups of strategies:
- Provider payment reforms to promote value and accelerate delivery system innovation
- Policies to expand options and encourage high-value choices by consumers
- Systemwide action to improve how markets function, including
reducing administrative costs and setting national and regional targets
for spending growth
If implemented soon, with public and private payers acting in
concert, the commission estimates that federal spending on health care
could be reduced by $1.04 trillion, state and local government spending
by $242 billion, and employer spending by $189 billion, compared with
Families also would realize significant savings—$537 billion over 10
years—as a result of lower future health insurance premiums and
out-of-pocket costs that would stem from the approaches outlined in the
report, according to the commission.
Publication Date: Friday, January 11, 2013