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Global Budgets: An Effective Approach To Control U.S. Health Expenditures

The Journal of Health Care Finance

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Title Global Budgets: An Effective Approach To Control U.S. Health Expenditures
 
Creator Weil, Ph.D., Thomas; Bedford Health Associates, Inc.
 
Description Global budgets, as utilized in Canada, Germany, and in most other European countries, could be a possible approach to control increasing U.S. health care expenditures. This paper starts with a discussion of why making modifications of how hospitals and physicians are reimbursed, but still maintaining fee-for-service incentives, is not the long-term solution to the U.S. healthcare cost dilemma. After in the most general terms outlining the key elements of a possible U.S. global budgetary reimbursement methodology, some potential targets for organizational and management-type cost reductions are outlined. Billions of dollars could be saved in the U.S. by implementing a smart card for processing health insurance claims; by shuttering underutilized hospitals and other health facilities; by eliminating almost half of the available high tech equipment; and, other proposed approaches. This paper concludes with a discussion of how global budgets might impact the delivery of health services as it relates to consumers, the providers, the insurers, and to the potential formation of a Federal Health Commission and of state health commissions organized as public utilities.
 
Publisher Worldwebtalk.com, Inc.
 
Contributor —
 
Date 2015-08-26
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://healthfinancejournal.com/index.php/johcf/article/view/17
 
Source Journal of Health Care Finance; Vol 41, No 2: Fall 2014
 
Language eng
 
Relation http://healthfinancejournal.com/index.php/johcf/article/view/17/19
 
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