... Opportunity for Two Mutually Reinforcing Cycles:
Information + Incentives
Improving incentives for providers and consumers is also critical.
— Providers need appropriate incentives to improve quality of care and lower costs.
— Drivers include more widespread adoption of bundled payments and accountable care organizations.
— Tort reform could play an important role.
— Consumers need to take more responsibility for their own health and to utilize the healthcare system appropriately.
— Appropriate social and financial incentives are key.
Source: Morgan Stanley Healthcare Research.
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Restructure Medicare & Medicaid: Economic Factors—Possible Solutions
1) Cost-Sharing and/or 2) Reimbursement Reform and/or 3) Improving Cost & Quality Transparency and/or
4) Deploy Cost-Benefit Analysis for Medical Technology Spending
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