Better choices needed to manage US healthcare cost growth, says Paul Krugman at HIMSS18

Key Challenges and Solutions of Healthcare Payment Reform
Economist Paul Krugman says more scrutiny on elective procedures could contribute to a long-term solution.
“Though the U.S. still has the highest healthcare costs in the world, there are a few options that could be used to dig out of that — any of which would be better than the current state, said Krugman, which he described with a quote from Homer Simpson: “The U.S. government is an insurance company with an army.” To Krugman, “Medicaid looks more like the systems in other countries and is a well-established system. But if the goal was the cheapest care, we’d do something like the NHS — but I don’t see that happening in my lifetime.” While a single-payer system is expensive, costs can be mitigated by a system that would more carefully scrutinize unnecessary elective treatments.” Read the full article.
Check out this article and more on social media!

Related Posts

Celebrating Diversity and Equity in Leadership at HealthAxis: Driving Change and Inspiring Progress

International Women’s Day (IWD) emerged from early movements advocating for women’s rights, particularly in labor, voting, and equality. Initially driven ...

Protecting Healthcare Data: Part 2 – A Conversation with HealthAxis Experts

In the second part of our Data Privacy Day series, we are focusing on compliance-related questions. We are joined by HealthAxis ...

Protecting Healthcare Data: Part 1 – A Conversation with HealthAxis Experts

For this year’s Data Privacy Day, we sat down with our very own Tony Gambino, Cyber Security Engineer, Ralph Pugh, ...

Want To Know How We Can Help Your Organization?