Health Care Cost

There are many different payment reform models that are discussed by payers and providers on a regular basis. This is a review of the progress being made in regards to the hospital value-based purchasing (VBP) model, which rewards acute-care hospitals with incentive payments for the quality of care they provide to patients with Medicare.

As what happens many times when cancer drugs gain FDA approval, the statistically significant improvements in regards to prolonging patients' lives is often offset by high drug costs, which makes it difficult for drug companies and payers to provide patients access to lifesaving treatments. But what can be done to improve access to affordable care?

Panelists agree that congress does not want these cuts in physician payment rates and Medicare.

The panel members discuss the question of how much would it cost to abolish the SGR.

Payment reform may be used to better align appropriate financial incentives with better quality of care.

When aggregated data regarding health outcomes are shared, a clearer picture emerges of provider performance baselines and improvements with which payment models can be developed.