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PwC Opines on Healthcare Policy in an Obama Administration
PwC Opines on Healthcare Policy in an Obama Administration
During one of the most riveting election campaigns in recent times, President-Elect Barack Obama has achieved a historic landslide victory.
Now comes the tough part. Delivering on his promises in a tough financial environment.
One key issue that Obama embraced was the institution of universal health coverage by reforming the current US health system to expand access and make health care less expensive.
In a comprehensive report, PricewaterhouseCoopers examines what this all means in dealing with how and who will pay for these programs; impact of expanding health insurance coverage; and ensuing strains on the existing health care system.
Here are the important points in this report:
The Obama plan could provide coverage for two-thirds of the uninsured, and lead to a taxpayer annual cost of $75 billion if enacted in 2009. But finding this money under tight budgetary conditions will be a challenge
In Massachusetts, where universal healthcare was made into law provides an excellent example of how this could play out. The state now has the lowest uninsured rate in the country, reversing its position from the most expensive healthcare state in the US
40% of about 30 million Americans who would get access to health insurance would obtain this through their employers. This trends reverses a troublesome movement towards erosion of employer-based coverage. A backdrop to all this are increasing number of 65+ aged baby-boomers.
About one-third of the cost of the Obama plan could come from existing funding for the uninsured, with the balance coming from repealed tax cuts, raising taxes or other constraints in spending.
Managing costs is critical. Without tough limits, pressure from healthcare costs could increase costs rapidly over time and reduce its effectiveness; and consequently its mandate of keeping federal costs sustainable.
PwC posits that the entire health industry can improve care and lower costs through public-private efforts, specifically through five ideas below and some bold ideas that could lead to positive disruptions
Keep people well
Reorder treatment around collaboration
Simplify the system
Make interoperable electronic medical records a reality
Use genes to pick the lock on disease
The report also discusses in detail how the Obama plan impacts employers, providers, insurers and hospitals; and a fascinating read for all those in the healthcare industry and general knowledge for all.
It can be downloaded at http://www.pwc.com/extweb/pwcpublications.nsf/docid/9A205B0B97EB9E50852574FE0014DE06
PricewaterhouseCoopers, Barack Obama, Healthcare, Universal plan, Election promises
Posted by: Big4 11.18.2008 10:10 pm
During one of the most riveting election campaigns in recent times, President-Elect Barack Obama has achieved a historic landslide victory.
Now comes the tough part. Delivering on his promises in a tough financial environment.
One key issue that Obama embraced was the institution of universal health coverage by reforming the current US health system to expand access and make health care less expensive.
In a comprehensive report, PricewaterhouseCoopers examines what this all means in dealing with how and who will pay for these programs; impact of expanding health insurance coverage; and ensuing strains on the existing health care system.
Here are the important points in this report:
The Obama plan could provide coverage for two-thirds of the uninsured, and lead to a taxpayer annual cost of $75 billion if enacted in 2009. But finding this money under tight budgetary conditions will be a challenge
In Massachusetts, where universal healthcare was made into law provides an excellent example of how this could play out. The state now has the lowest uninsured rate in the country, reversing its position from the most expensive healthcare state in the US
40% of about 30 million Americans who would get access to health insurance would obtain this through their employers. This trends reverses a troublesome movement towards erosion of employer-based coverage. A backdrop to all this are increasing number of 65+ aged baby-boomers.
About one-third of the cost of the Obama plan could come from existing funding for the uninsured, with the balance coming from repealed tax cuts, raising taxes or other constraints in spending.
Managing costs is critical. Without tough limits, pressure from healthcare costs could increase costs rapidly over time and reduce its effectiveness; and consequently its mandate of keeping federal costs sustainable.
PwC posits that the entire health industry can improve care and lower costs through public-private efforts, specifically through five ideas below and some bold ideas that could lead to positive disruptions
Keep people well
Reorder treatment around collaboration
Simplify the system
Make interoperable electronic medical records a reality
Use genes to pick the lock on disease
The report also discusses in detail how the Obama plan impacts employers, providers, insurers and hospitals; and a fascinating read for all those in the healthcare industry and general knowledge for all.
It can be downloaded at http://www.pwc.com/extweb/pwcpublications.nsf/docid/9A205B0B97EB9E50852574FE0014DE06
PricewaterhouseCoopers, Barack Obama, Healthcare, Universal plan, Election promises
Posted by: Big4 11.18.2008 10:10 pm
 Views: 178 |
 Comments: 0 |
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