Sunday, March 20, 2016

Consumers In Difficult Position To Lower Health Care Costs

A recent study conducted by the (HCCI) Health Care Cost Institute and results published by Kaiser Health News acknowledges shoppable medical procedures and treatments do not have a significant mass to reduce overall health care system cost.

The current delivery model does not lend itself to the consumer driven opportunities to force area procedural prices down.  The analysis captures out of pocket opportunities embedded within varied deductibles and coinsurance listed in the health insurance plan. 

The study seems to reinforce the continued effort of Federal and State regulatory authorities (CMS-DHS), fund administrators (insurance), contracted providers, and large employee groups to move the entire health care system toward a value based reimbursement model remains important.

Across Wisconsin we are seeing the smallest of non-medical providers moving their practice to effectively deliver service in an emerging value based model
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Managing household spending for family health care is a personal finance task.  Teaching families how to experience the most value is an important role of public and private health care system participants.

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