The Wall Street Journal article summarized some research results regarding the potential cost savings of prevention and wellness efforts, particularly for persons with chronic diseases. The overall conclusion is that not much money is likely to be saved by such methods, primarily because the cost of these programs when applied to a large population tends to outweigh the health care cost savings which eventually accrue.
The work of the Medicare Payment Advisory Commission is always worth reading carefully. (Medpac website) It is one of the government groups that seems to do its job with a high degree of professionalism. MEDPAC’s reports contain useful data and it often provide unvarnished analysis and insight into America’s health care cost issues.
The American Hospital Association and the American Medical Association, in conjunction with a number of physician specialty organizations, have each released statements regarding proposals to help control health care costs by changing, even reducing payments to providers.