NCHC outlines the strategy in a report, “Curbing Costs, Improving Care: The Path to an Affordable Health Care Future.” NCHC estimates the long-term policy changes they propose would reduce federal spending by $220.97 billion and generate $276 billion in health-related revenue.
Here is the seven-part strategy to increase the quality of healthcare while reducing costs:
1. Change provider incentives to reward value, not volume.
2. Encourage patient and consumer engagement.
3. Use market competition to increase value.
4. Ensure that the highest-cost patients receive high-value, coordinated care.
5. Bolster the primary care workforce.
6. Reduce errors, fraud and administrative overhead.
7. Invest in prevention and population health.
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