Mar 15, 2017 11:56 PM EDT
High Health Care Costs Do Not Affect Treatment Results [Video]
The United States has the highest health care costs in the world; yet, treatment results are not the best. In fact, its life expectancy is only 78.8 yars compared to the average life expectancy of 80.5 years worldwide.
In a research study published by the Harvard Business Review, Results revealed that a considerable amount of funds had been wasted by health care spending.
A study conducted to determine the relationship between costs of healthcare and treatment results vary. Some hospitals might be cheaper than others. There are physicians who spend less yet have very few recorded patients who died or who were readmitted.
In most cases, hospitals were held responsible for the amount of money spent on health care and for treatment results . The research suggested that the physician's role in the issue must be scrutinized, according to Business Harvard Review.
The findings further showed that physicians who spent more for patient care did not have better patient outcomes compared with those physicians who spent less. This implies that lowering health care costs would not mean low qualitytreatment results.
In view of this, some policies have been proposed and made into effect this 2017. The Medicare Access and CHIP Reauthorization Act requires that reimbursement to physicians would be based on the cost and quality of care provided.
Payment will be based on merits. The plan has been drafted in 2015 and has just been approved this 2017. Among its priorities were to get expert input, gauge quality measures, reduce clinician burden and provide person-centered and value-based measures to ensure the success of the Quality Payment Program, according to CMS.gov.
With this new development, members of healthcare programs will be assured of high quality health care services. On their part, physicians and hospitals will exert effort to ensure better treatment results so that the government will get full value for funds spent on health care.
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