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:10/13/2017)... ... October 13, 2017 , ... The ... to promote standards of excellence for the field of eating disorders, announces the ... – 25, 2018 in Orlando, Florida at the Omni Resort at ChampionsGate. ...
(Date:10/13/2017)... ... 2017 , ... Many families have long-term insurance that covers care for a ... waiver for care if the client has a cognitive impairment diagnosis. , “What ... is often waived, so the benefits from their insurance start immediately,” said Mechell Vieira, ...
(Date:10/13/2017)... ... ... Talented host, actor Rob Lowe, is introducing a segment ... of "Success Files," which is an award-winning educational program broadcasted on PBS Member ... with passion and integrity. , Sciatica occurs when the sciatic nerve in the ...
(Date:10/12/2017)... ... 12, 2017 , ... CitiDent and San Francisco dentists, Dr. ... Oventus O2Vent technology. As many as 18 million Americans are estimated to suffer ... Oral appliances can offer significant relief to about 75 percent of people with ...
(Date:10/12/2017)... ... October 12, 2017 , ... Asante, a ... health care, have expanded their existing home health joint venture through an agreement, ... been operating a joint venture home health company with Asante, delivering clinically integrated ...
Breaking Medicine News(10 mins):
(Date:9/28/2017)... -- Hill-Rom Holdings, Inc. (NYSE: HRC), will host its ... on Friday, November 3, 2017, beginning at 7:00 a.m. ... 8:30 a.m. (CDT) / 9:30 a.m. (EDT). ... and guidance for 2018, Hill-Rom executives will also highlight ... and long-range financial outlook through 2020. ...
(Date:9/25/2017)... Sept. 25, 2017  EpiVax, Inc., a leader ... and immune-engineering today announced the launch of EpiVax ... of personalized therapeutic cancer vaccines. EpiVax has provided ... access to enabling technologies to the new precision ... lead EpiVax Oncology as Chief Executive Officer. Gad ...
(Date:9/19/2017)... Sept. 19, 2017   ZirMed Inc ., a recognized ... announced that it has been ranked #1 by its users ... Rankings 2017 User Survey. ZirMed was recognized as the ... hospitals and medical centers over 200 beds and holds one ... technology user survey history. ...
Breaking Medicine Technology: