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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. Its about two hours. Good afternoon. So wed like to go ahead and get started. Im nancy chockley. President and ceo of foundation and im 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 ....
Playing hockey. He is not able to join us. Mike will cover some of the points he was going to make. Why theres a call to action to increase value in our Health Care System. Ill start first by introducing each panelist and sit down, and then go on. So ill 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 harvards benefits committee, where he learns firsthand why markets are not always efficient. Is that fair to say . He also serves on cbos panel of health advisers. A member of the Massachusetts Health connecter board of direc ....
Do that. I can make any particular specific comments about plans are actually think i think those are the things to look out to better understand whats going on. What i can say, in 2015, employerbased insurance and marketplace insurance were very different when it came to apply the deductible to Prescription Drugs benefits. Employerbased insurance, less than 10 applied. Marketplace insurance, i think the majority of plans may be as much as 70 you have to meet a deductible. For some of the tiers at least before you received Prescription Drug benefits. And so postaca all of you know theres a requirement that you cant discriminate in benefits, and we jointly with sister agencies including the insurance regulators and folks from the Health Department looked at the tiers on the formulary and with help of outside rese ....
Could do to advance to us policy proposals. I also think it is an issue that members of this committee could well take up and ask the basic questions, what role do we want them to play is it strictly housing, is it liquidity. Are there other ways it can be constituted given the way that the whole world but thats not really my question. I do have a question. My question relates to the approved merger which i dont believe will be the last. I have communicated to you in correspondence deep concerns held by people in the region about the continued commitment of the merged bank to invest in housing. Also communicated to you concerns about govern nans. After all, this is a fivetime zone Federal Home Loan Bank region now. And weve repeatedly asked for the letter setting forth the terms and conditions. Weve been repeatedly told we cannot have it. I want you to know that as that relates to sensitive financial matters, i completely ....