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Cost containment and the physician
Trustee : the Journal for Hospital Governing Boards
|August 10, 1978
Insights
Physicians face increasing pressure to control healthcare expenses in hospitals and private practices. A national commission proposes market reforms to mitigate further federal government regulation.
Area of Science:
- Health Economics
- Healthcare Policy
Background:
- Physicians are increasingly expected to manage healthcare costs.
- Cost containment is a priority in both hospital and private practice settings.
Purpose of the Study:
- To outline the challenges physicians face in cost containment.
- To present recommendations for strengthening the healthcare marketplace.
Main Methods:
- Review of current healthcare cost challenges.
- Analysis of proposals by the National Commission on the Cost of Medical Care.
Main Results:
- Physicians are central to healthcare cost containment efforts.
- Market-based solutions are suggested to reduce the need for federal regulation.
Conclusions:
- Physician involvement is crucial for controlling healthcare spending.
- Strengthening the healthcare market can prevent excessive government intervention.
Abstract:
Physicians are being challenged from many quarters to do their part in containing health care costs, not only in the hospital setting but also in their private practices. On a more global scale, the National Commission on the Cost of Medical Care has identified steps designed to strengthen the health care marketplace so as to avert more regulation from the federal government.