The Hill: Healthcare experts propose $1 trillion in savings

By Elise Viebeck – 04/29/13 05:48 PM ET

A bevy of healthcare experts released recommendations Monday for cost-conscious reforms to Medicare, Medicaid and private insurance they said could save $1 trillion over two decades. 

In a Brookings Institution study, the experts urge Washington to embrace small, consensus-driven policy moves to lower healthcare costs rather than wait for a major deficit-reduction deal. 

“The time to act on these proposals is now,” study authors wrote. “It is time to put a sharp and direct focus on achieving both better health and cost savings.” 

 

The paper, “Bending the Curve,” outlined a series of reforms designed to reduce healthcare spending by improving care and promoting value-based payments. 

The proposals are comprehensive, addressing everything from Medicare Advantage to medical liability reform to licensing barriers. They promise $300 billion in net federal savings over 10 years. 

In Medicare, the group would phase out fee-for-service care over 10 years by promoting comprehensive payment organizations. They would also enact an out-of-pocket cap on expenses.

Read more: http://bit.ly/17BZxqs

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