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As New Administration Takes Office, Deloitte Report Identifies $530 Billion Savings Opportunity for Health Care Reform Over Next 10 Years
Date:1/15/2009

WASHINGTON, Jan. 15 /PRNewswire/ -- As the White House changes guard next week, a new series of reports released today by the Deloitte Center for Health Solutions identifies $530 billion in opportunities to reduce costs while improving the U.S. health care system over the next 10 years.

"Against the backdrop of a national financial crisis and fierce competition for shrinking federal funds, transforming the health care system to address major cost, quality and access issues has never been more imperative," said Paul Keckley, Ph.D., executive director of the Deloitte Center for Health Solutions. "As unemployment rolls increase leading to an upturn in the uninsured, our analysis demonstrates encouraging potential for the new administration to make a significant impact on improving both the cost and quality of health care."

The Deloitte Center for Health Solutions, part of Deloitte LLP, reports provide a comprehensive understanding of what consumers want and need in their medical care, providing two important perspectives. The first, "Health Care and Public Policy: What Americans Want," (www.deloitte.com/us/healthreformandpublicpolicy) offers results from a survey of 4,000 U.S. adults about their opinions of key health care reform efforts. Americans across the demographic spectrum embrace the gravity of the situation. A vast majority of respondents say they are ill-equipped to handle the financial burdens of a serious medical emergency -- only 6 percent describe themselves as fully ready for such a contingency, and less than 25 percent overall believe that their financial preparation is adequate. Families increasingly are so beset by medical costs that they have less to spend on other essentials. Many are falling behind in their medical payments; 84 percent of respondents believe that the economic challenges will now make it even harder for peo
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