Title

Bang for Your Buck: Could Medicare's Hospital Value-Based Purchasing Program Rein in Health-Care Spending in Pneumonia

UMMS Affiliation

Department of Population and Quantitative Health Sciences

Publication Date

2020-05-01

Document Type

Editorial

Disciplines

Health Economics | Health Policy | Health Services Administration | Health Services Research | Respiratory Tract Diseases

Abstract

In 2018, US health-care spending topped $3.6 trillion, exceeding the entire gross domestic products of nations such as the United Kingdom and Brazil.1,2 At the current rate of growth, we are on track by year 2027 to spend nearly 20% of the US annual gross domestic product on health care.1 In 2018, Medicare accounted for 15% of all federal outlays in the United States, and hospital costs accounted for nearly one-half of all Medicare payments.3 Although its pace of growth had temporarily slowed, it seems to be climbing back to unsustainable levels. At the same time, with the advent of personalized medicine, the price tag for individually tailored treatments is reaching into the stratosphere.

Keywords

Medicare, value based purchasing, health care spending, pneumonia

DOI of Published Version

10.1016/j.chest.2019.12.026

Source

Zilberberg MD, Tjia J, Shorr AF. Bang for Your Buck: Could Medicare's Hospital Value-Based Purchasing Program Rein in Health-Care Spending in Pneumonia? Chest. 2020 May;157(5):1051-1052. doi: 10.1016/j.chest.2019.12.026. PMID: 32386623. Link to article on publisher's site

Journal/Book/Conference Title

Chest

PubMed ID

32386623

Related Resources

Link to Article in PubMed

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