Value-Based Healthcare Transformation
The United States spends more on healthcare than any other developed nation, yet it ranks 37th in total health outcomes. Healthcare inflation risks solvency of the Medicare Trust Fund and spending approaches 20% of the gross domestic product (GDP). Historic policy trends to control healthcare costs are detailed. The aims of value-based healthcare transformation are to (1) improve access, (2) improve quality, and (3) slow the rate of healthcare cost increase. Healthcare inflation has slowed with the advent of value-based healthcare purchasing.
KeywordsHealthcare cost Healthcare inflation Value-based healthcare
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