Healthcare Organizations Outline Plans to Cut $1.7T Over the Next Decade

Several major healthcare organizations outlined their plans to cut $1.7 trillion in healthcare costs of the next 10 years, in fulfillment of a promise the groups made to Pres. Obama, according to a report in the Wall Street Journal.

Advertisement

Proposals from the groups include reducing medical errors, switching to common insurance forms, improving measurements of physician performance, reducing the number of patients readmitted to hospitals, improving the efficiency of drug development and expanding in-home care for patients with long-term illnesses, according to the report.

The American Medical Association proposed to curb “overuse” in certain treatment areas including Caesarean sections, back-pain management, antibiotic prescriptions for sinusitis and diagnostic imaging tests, which could been seen as cutbacks and raise concern among consumers.

According to a study released by the White House, changes made to the nation’s healthcare system would increase the country’s gross domestic product, lower unemployment and save families on average $2,600 in 2020. The same study estimated that without healthcare reform, the number of uninsured Americans would grow to 72 million by 2040, up from the current estimate of at least 46 million, according to the report.

Read the Wall Street Journal’s report on the healthcare organizations’ cost-saving proposals.

Advertisement

Next Up in Uncategorized

Advertisement

Comments are closed.