Phia Group Russo & Minchoff

Uniform Rate Setting For Medical Provider Payments Offers Best Potential For Cost Containment

from Spencer’s Benefits Reports: Uniform rate setting for medical provider payments offers the greatest health care cost growth containment potential, a recent study from the Urban Institute’s Health Policy Center found. The report noted that from 2000 to 2010, national health expenditures (NHE) have risen at an average annual rate of 6.6 percent, while gross domestic product (GDP) has grown only 4.1 percent annually. The Patient Protection and Affordable Care Act (ACA) contains a number of cost growth containment provisions, which the Urban Institute reviews in the report, Containing the Growth of Spending in the U.S. Health System, along with several other options, and estimates potential savings the options may provide.


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