Stay updated with breaking news from Curtis barnett. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
payment model. and transitioning from a fee for service to a value based reimbursement system. this event was hosted by the national institute for healthcare management foundation. it s about two hours. good afternoon. so we d like to go ahead and get started. i m nancy chockley. president and ceo of foundation and i m just dlieded to welcome you all here today. we have an incredible panel of business and policy leaders. they come at the problems from different perspective. but one unifying theme between all of them is their concern for what rising healthcare costs do to americans. and the need to increase value in our healthcare system. so each of them will present their own ideas of how to increase value or how they are increasing value in the healthcare system. a non-profit non-partisan organization. and we believe by bringing people together with different perspectives, we can improve healthcare through evidence and collaboration. we have a wonderful audience toda ....
organizations that accept the risk can save money by directing the price settings and providers. it seems clear that the results improved over time and it also seems the organizations do somewhat better. that is a generalization, s so m sure that there are some tremendous organizations but as a general rule it seems to be the case it helps if you are not a hospital. so, the other thing that is important to understand and i don t know why this is so hard to explain. if you save him by suspending you shared it and that is how sharing works and so if you look after a year you are never going to do as well but i m understand the shared savings are the incentives to reduce the savings. if you could share you wouldn t have any savings. we have to worry about a system that is working in 2019 said to be clear i want it to work but i m much more interested getting on a path where the health-care system will work in 25 and 30 and if we spend all of our time trying to get a big wi ....
introducing each panelist in the then go on. so i will start with one of the nation s most highly regarded economist. what distinguishes this model the brilliant on the theory and research of more than any other economist he understands how markets work . but he also said sits on the benefits committee where he learns firsthand why we re not the least efficient. is that fair to say? [laughter] he also serves on the panel of health advisers with the board of directors and vice chair of mudpack we have the good fortune to have him serve on the foundation and vice three board one of the pioneers of value based insurance design to evaluate medicare and private sector organizations please join me to welcome him to the panel. [applause] i am thrilled to be here they have done an incredible job it is great to see all of you here so i will talk broadly about benefit design because bob is going to talk about the budget i am not sure bob would have this but what did they have ....
playing hockey. he is not able to join us. mike will cover some of the points he was going to make. why there s a call to action to increase value in our health care system. i ll start first by introducing each panelist and sit down, and then go on. so i ll start with mike, who is one of the nations most highly regarded economists. really what distinguishes mike, not only is he broil yant on the theory and research. probably more than any other economist, he understands how markets work. and he leads much of the health care policy work coming out of harvard medical school, he also sits on harvard s benefit s committee, where he learns firsthand why markets are not always efficient. is that fair to say? he also serves on cbo s panel of health advisers. a member of the massachusetts health connecter board of directors and vice chair of medpac. we have the fortune of having him serve on our advisory board. he s one of the pioneers of value based insurance design. and the ....
Arkansas Blue Cross and Blue Shield and its family of companies are making assistance available to members affected by tornados in Northwest, North Central, and Northeast Arkansas on Sunday, May 26. ....