Bending the Health Care Cost Curve
With annual health care spending in New York State projected to exceed $318 billion by 2020, there is a clear and urgent need to develop solutions to contain costs.
In 2010, NYSHealth released a report, Bending the Health Care Cost Curve in New York State: Options for Saving Money and Improving Care. Prepared by The Lewin Group, the report outlines the estimated impact of 10 scenarios—from a tax on sugar-sweetened beverages to mandatory Accountable Care Organizations—that could potentially save billions of dollars over 10 years and improve health care quality in New York State.
In conjunction with The Lewin Group and a Technical Advisory Panel, NYSHealth released high-level plans for implementing four promising scenarios:
• Expanding palliative care;
• Integrating care for dual eligibles (those who qualify for both Medicare and Medicaid);
• Adopting bundled payment methods; and
• Rebalancing long-term care to focus on community-based services.
These were also some of the key issues discussed at the Foundation’s Fall conference, Paying for Health Reform: The Imperative of Cost Containment. Keynote speaker Dr. Glenn Steele, CEO of the Geisinger Health System in Pennsylvania, spoke about his organization’s approach to quality improvement, care coordination, and cost containment. All of the panelists’ presentations are available here.