A new report from the Commonwealth Fund says the federal government could save $2 trillion on health care costs over a decade it if accelerates provider adoption of more-effective care.
Reuters: U.S. Could Save $2 Trillion On Health Costs -- Study
The United States could save $2 trillion in health care spending over the next decade, if the U.S. government used its influence in the public and private sectors to nudge soaring costs into line with economic growth, a study released on Thursday said. Compiled by the nonpartisan Commonwealth Fund, the study recommends holding the $2.8 trillion U.S. health care system to an annual spending target by having Medicare, Medicaid, other government programs and private insurers encourage providers to accelerate adoption of more cost-effective care (Morgan, 1/10).
Kaiser Health News: Capsules: Commonwealth Fund Panel Proposes Options To Slow Health Care Spending
The group, assembled by the Commonwealth Fund, a nonprofit research group, urged each level of government to agree to hold the increases in health spending to the same rate as the growth of the gross domestic product, a measure of the nation's total economy, while also improving health system performance (Tran, 1/10).