Live healthy and long
Rizal Philippines
March 15, 2016
There was interview at CCTV today about innovations that lower health care costs. For instance there is a company in Mexico that was able to successfully lower diabetic care cost from $10,000 to only $2,000!!
From health affairs
Most of the innovations we know result in higher cost of health care cost: new equipment, new drugs new processes. Which deplete health insurance funds, and make the treatment inaccessible.
The classes of innovation:
1. new products
2. new processes
3. substitutions
Coupled with these are the concerns on regulation, tax policy, and the health insurance practices
and reduction of waste, fraud, admin complexity, excessive prices
How much can be saved?