American enterprise institute. Event is hosted by the American Enterprise interested institute. I am a senior fellow at the American Enterprise interested to enterprise institute. Thank you for coming. Thanks to those who are tuning in virtually. What i thought i would do is before getting into our panel, we have a terrific lineup and two excellent panels i am make excited about. I want to start by saying a few words about why we are having this event here now i way of background. I think it would be uncontroversial to say the covid19 crisis was a crisis. We think about it, it is something that we will be grappling with for some time to come and certainly among the most important events of recent times. It was a Public Health crisis, arguably the worst in 100 years, which resulted in unspeakable amount of death and illness. It also has resulted in a set of policy and political decisions which were unprecedented, the effects of which we are grappling with and trying to understand and th
American enterprise institute. Event is hosted by the American Enterprise interested institute. I am a senior fellow at the American Enterprise interested to enterprise institute. Thank you for coming. Thanks to those who are tuning in virtually. What i thought i would do is before getting into our panel, we have a terrific lineup and two excellent panels i am make excited about. I want to start by saying a few words about why we are having this event here now i way of background. I think it would be uncontroversial to say the covid19 crisis was a crisis. We think about it, it is something that we will be grappling with for some time to come and certainly among the most important events of recent times. It was a Public Health crisis, arguably the worst in 100 years, which resulted in unspeakable amount of death and illness. It also has resulted in a set of policy and political decisions which were unprecedented, the effects of which we are grappling with and trying to understand and th
Improving quality for health care. But to the extent we want it to happened to make sure the incentives are right but for decades they have not been aligned. There is an opportunity here to save Small Businesses a lot of money to grow more rapidly. Just very briefly defied the incentives. For years the primary symptom is that it is such a powerful point if you look at one mans cost or another mans revenues of the cost that you pay if you compare our performance versus other industrialized countries you spend 60 percent more than other countries but you dont see better quality measures or outcome so the incentives the opportunity to modify those incentives by the act and the contract being that it encourages is profound but what you see is hospitalization come down but that means they glad of business and that is a real challenge to say that is not a good thing but it can accommodate the extra volume with those spee mori efficient if they become more efficient than this model can work.
Because the matching is really a big deal. Its going to help them save money and i its going to help them get a better quality outcome. Very much so. Youre going to have to get that data down in such a way its more consumer global so people make the right choices. Sometimes you get, present us with the best choice but to cant drive us there. Thats a big chunk. Thats something that employees are also a bit concerned about is privacy as well, as we get more data and start using it more as the nsa incident has shown. Were all very vulnerable having that data out there. I would like to follow up on the point youre making. When you think about quality and cost, the two are related and if are going to attack the underlying challenges of making health care both affordable and high in quality you cant just took out the health care level. Have to go down to what hospitals and doctors are doing. We are seeing some encouraging results. One of our ncos, their physicians have understood the economi
If hed do the right things with their primary care provider in the first year we will not only brave the premium but give you a bonus is not a new idea but the Insurance Companies have been trying to get people of heart medication off of them but now running the new iowa care not getting them off the heart medication and the kit bond of it get odd is of having heart attacks into a Health Risk Assessment they dont have the premium contribution is called the health and Behavior Program and next as quality. Governor branstad absolutely refused to expand access. We also call for our population to have more responsibility but also can providers. Starting the very first year real pay providers having worked with their number one insurance we dont define what quality is the private healthinsurance plans are good at that because they have paid that for awhile in our state. They already know what the field looks like wiedmaier have to be the ticket that with the hospitals when i can say you agr