February 29, 2008
Can Technology Slow the Growth in Health Care Costs
Analysis of:
As Healthcare Spending is Predicted to Exceed 4 Trillion in Less Than 10 Years, Technology will be Called upon to Stem the Tide | biz.yahoo.com
This analysis is solely the work of the author. It has not been edited or endorsed by GLG.
Implications: Technology is proposed as a means to control health care costs through making the system more efficient. While a more efficient system will certainly be helpful, our current population needs a change in behavior in a societal way if we truly hope to bend the trend.
Analysis: Technology and the latest and greatest system, imaging unit, test, or EMR has always been touted as a way to control health care costs. In the majority of cases these technologies have not necessarily reduced costs and we continue to see ever growing health care expenditures.
The key to containing and bending the trend is to change our population and health care system and move to a preventive model. A recent study by the Milken Institute showed that we could save over $1 trillion dollars per year if we focused on prevention and chronic care management for seven conditions.
While technology can improve out systems and care, the real solution is to reduce the number of people coming down with obesity and other preventable chronic diseases, where 80% of our health care expenditures occur.
Analysis: Technology and the latest and greatest system, imaging unit, test, or EMR has always been touted as a way to control health care costs. In the majority of cases these technologies have not necessarily reduced costs and we continue to see ever growing health care expenditures.
The key to containing and bending the trend is to change our population and health care system and move to a preventive model. A recent study by the Milken Institute showed that we could save over $1 trillion dollars per year if we focused on prevention and chronic care management for seven conditions.
While technology can improve out systems and care, the real solution is to reduce the number of people coming down with obesity and other preventable chronic diseases, where 80% of our health care expenditures occur.
Report a Concern
More GLG News in
Healthcare
Most Popular:
Source Article | Expert Analyses
Use of Antipsychotics in Children Is Criticized
www.nytimes.com
Scientists recommend 'black box' for Avastin
www.fiercepharma.com
Are Costly Diabetes Pills Doing Any Good?
www.pharmalot.com
How a Drug Maker Tries to Outwit Generics
online.wsj.com
Use of Antipsychotics in Children Poses Risks of Adverse Effects
November 26, 2008
Avastin and clots? News to me. Black box warning? Why?
November 24, 2008
Off Label Use Can Be Prevented
November 24, 2008
Gardasil will most certainly be approved for boys
November 24, 2008
Medivations's (MDVN) Dimebon - We've Seen This Movie Before
November 24, 2008

