PricewaterhouseCoopers has a long track record of providing dispassionate health care insight. I often refer to their 2008 study, The Price of Excess, that estimated that 54.5% of all US health care spending provides no value. In today's dollars, that would blow about $1.6 trillion per year.
Here's a new report, Behind the Numbers 2015, projecting that the economy's rise will finally produce a not surprising uptick in health care cost trends. Their comment, though, acknowledges the rising importance of value and the power of purchasers.
"the fact that health spending continues to outpace GDP underscores the need for a renewed focus on productivity, efficiency, and, ultimately, delivering better value for purchasers.
As employers continue to shift financial responsibilities to their employees, the cost-conscious consumer will exert greater influence in the new health economy. Savings that come from standardization can help position health businesses for the value-driven future. But real success and profitability will go to the insurers, drug makers, and healthcare providers that deliver highly personalized customer experiences at a competitive price."
For those of you who track this kind of economic detail, a worthwhile quick read.
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