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Related Experiment Videos

Cost containment: an economist's view

D Neuhauser

    The Western Journal of Medicine
    |May 1, 1980
    PubMed
    Summary
    This summary is machine-generated.

    Rising healthcare expenses may stem from a lack of diverse health benefit options, not just quality concerns. Increased competition in US health services will necessitate greater physician cost-consciousness.

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    Homeopathy or regular medicine? Cook County Hospital, Chicago, Illinois, 1882-1887: evidence, politics, customer choice and provider perceptions at work.

    Quality & safety in health care·2008

    Area of Science:

    • Health Economics
    • Healthcare Policy
    • Medical Economics

    Context:

    • Current healthcare spending in the United States faces scrutiny.
    • Quality of care metrics are often not fully integrated into cost analyses.
    • Limited consumer choice in health benefit packages exists.

    Purpose:

    • To re-evaluate the primary drivers of rising medical care costs.
    • To explore the impact of limited choice on healthcare expenditure.
    • To project future trends in healthcare services and physician financial responsibility.

    Summary:

    • Medical care costs may be perceived as high due to a lack of consideration for quality and the absence of varied, price-differentiated health benefit packages.
    • The future landscape of US health services anticipates increased competition.

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  • This competitive environment will compel physicians to adopt more cost-conscious practices.

    • Impact:

    • Highlights the need for greater consumer choice in health insurance.
    • Suggests a shift in focus from solely cost to value-based care considerations.
    • Informs policy discussions on healthcare reform and market dynamics.