Navigation Links
Social Security Advisory Board Warns of Consequences of Unsustainable Growth in The Cost of Health Care
Date:9/11/2009

WASHINGTON, Sept. 11 /PRNewswire-USNewswire/ -- As the nation considers ways to reform our health care system the Social Security Advisory Board released a report today calling on policymakers to find lasting solutions to the long-term problem of escalating health care costs.

The report, The Unsustainable Cost of Health Care, details how health care costs are rising faster than the incomes of workers, retirees, and governments. If unaddressed, the Advisory Board warns, this trend will undermine the economic security of workers and retirees and place enormous strain on government budgets. Retirees will have less of their relatively fixed incomes to spend on anything other than health care. As employer's costs rise, workers will see their wages grow more slowly or even fall at exactly the same time as their need to save more for their own retirement and health care is increasing.

Making our health care delivery system more efficient, the Advisory Board stated, is the key to reducing costs over the long run. "As we developed our report, we saw widespread variations in medical practices with commensurate variations in the costs of services delivered but virtually no evidence that high-cost treatment patterns were delivering superior outcomes," noted Board Chairman, Sylvester J. Schieber. The report draws on findings from the success of several institutions, such as Intermountain Healthcare in Utah. Through the use of evidence-based coordinated clinical processes Intermountain has clearly demonstrated that it is possible to deliver higher quality care at lower costs.

Changing how we pay for health care can play an important role in slowing cost growth over time. Policymakers should be aware that the current fee-for-service model creates incentives for health care providers to give more, but not necessarily better care. Devising payment methods that encourage health care providers to place greater emphasis on effective and efficient care can encourage both cost and quality goals. Consumers need better incentives to seek out the best value care when making decisions that are in the best interest of their health.

Congress created the independent, bipartisan Social Security Advisory Board to advise the President, the Congress, and the Commissioner of Social Security on matters related to the Social Security and Supplemental Security Income programs. Appointments to the Board are made by the President, the Speaker of the House of Representatives, and the President pro tempore of the Senate.


'/>"/>
SOURCE Social Security Advisory Board
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Dow Jones Sustainability Index Again Recognizes Abbott for Continued Leadership in Business, Environmental and Social Performance
2. Cognitive Activities Protect Against Alzheimers -- Social and Physical Activities Not Enough
3. MJGC Welcomes New Director of Social Work Alla Lerner
4. Civil Rights and Medical Leaders Call for Social Justice in Health Care
5. Multicountry review shows that Bug Buster Kits reduce head lice and social stigma
6. Hartford Foundation awards grant to address geriatric social work shortage
7. Study to consider social risk in guiding prevention of heart disease
8. IOM advisory: improving cancer patients psychosocial care
9. Cancer care providers need to proactively address patients psychological and social needs
10. Penn wins $5M to start center for ethical, legal and social implications research
11. Social Justice Issues Take Main Stage at Egypts National Democratic Party Convention
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:4/28/2017)... ... ... Pastor and Overseer at The House of Yahweh in Abilene, Texas, has published a new ... not. Yisrayl says with so many titles and names for the Creator, it’s hard ... a little Scripture, backed with a lot of research, the truth is undeniable. , ...
(Date:4/28/2017)... ... April 28, 2017 , ... Woolsy Corporation Limited, a ... its Nova Skin Sciences division, recently announced the launch of Allumière Antiaging Cream, ... power of an anti-aging concentrate. , Anogeissus Leiocarpa Bark Extract and ...
(Date:4/28/2017)... Tenn. (PRWEB) , ... April 28, 2017 , ... ... system, today announced an alliance with B. Braun Medical Inc. , a leader ... role in patient care with as many as 90 percent of hospital patients receiving ...
(Date:4/27/2017)... , ... April 27, 2017 , ... ... natural deodorant. On the heels of Thinksport’s award-winning sunscreen they’ve used the same ... that actually works! , Countless deodorants flood the aisles that contain harmful chemicals ...
(Date:4/27/2017)... ... April 27, 2017 , ... Goodcents Deli Fresh Subs announced ... Lincoln, Neb. area this year. , The first new location will open at ... will open at 84th and Northern Lights Drive this fall. And the third location ...
Breaking Medicine News(10 mins):
(Date:4/19/2017)... NEW YORK , April 19, 2017 /PRNewswire/ ... This report on the prostate cancer ... of the global market. Increasing prevalence of prostate ... as innovation in the development of new drugs ... hormone-refractory prostate cancer drug due to lesser side ...
(Date:4/19/2017)... April 19, 2017  Sorrento Therapeutics, Inc. (NASDAQ: ... biopharmaceutical company developing new treatments for cancer and ... of its previously announced underwritten public offering of ... public offering price of $2.00 per share, before ... expenses payable by Sorrento.  The net proceeds to ...
(Date:4/19/2017)... N.J. , April 19, 2017  Novartis ... by the National Heart, Lung, and Blood Institute ... demonstrating that 58% of patients with treatment-naïve severe ... months when treated with eltrombopag at the initiation ... . The study evaluated three sequential treatment groups, ...
Breaking Medicine Technology: