Fee-for-service encourages unnecessary use of care, but its alternative — managed care — is no better, he writes. While managed care has improved the quality of care and helped slow cost growth, it limits patient choice and comes with a heavy administrative burden, according to Mr. Hereford.
“Both paths create an inferior experience,” he writes. He suggests a third path, with transparent prices, informed consumers and healthcare that is truly convenient for patients. Read the full column here for more.
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