Tuesday, March 15, 2016

Innovation in health care that reduce costs

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?


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