Price is Only One Factor In the Healthcare Value Equation
Reducing price is critical to achieving the Alliance’s other goals: reducing underuse of effective care and reducing overuse. The underuse of evidence-based care leads to avoidable complications, including emergency room visits and hospitalizations, and drives significant cost increases in the health care system as a whole. The current fee-for-service system encourages the overuse of tests and procedures that don’t necessarily lead to better health. Overuse exposes patients to risks as well as increasing health care costs, leading to waste in the health care system.