Magazine article Government Finance Review

Information, Accountability Needed to Lower Health-Care Costs

Magazine article Government Finance Review

Information, Accountability Needed to Lower Health-Care Costs

Article excerpt

Our current heath-care system doesn't encourage informed decisions about the costs and value of services, a major cause of the unsustainable growth in health-care spending that threatens "a very serious economic disruption," according to a recent report from the U.S. Government Accountability Office (GAO) on its Long-Term Fiscal Outlook forum. State and local governments, as well as all other employers, need to "fundamentally rethink how we define, deliver, and finance health care," the report says, adding that "the longer we wait, the more painful and difficult the choices will become."

Because medical technology and cutting-edge drugs comprise a large component of increased health-care spending, the advantage they offer over less expensive alternatives should be addressed, the report suggests. A related problem is the lack of reliable comparative information available regarding medical outcomes, quality of care, and costs. In addition, insurance masks the actual costs of goods and services, leaving consumers with little incentive to be cost-conscious and forcing clinicians to make decisions without access to universal medical standards of practice. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.