|Written by Florida Health Industry Week in Review|
|What Happened. Why it Matters.|
In a NY Times blog called TheUpshot, Austin Frakt, pens a post entitled Do No Harm? It May Be Hard to Avoid with Health Law's Medicare Cuts. Mr. Frakt, a health economist and researcher, describes how the ACA is forcing hospitals to cut costs. He warns that research shows cost cutting by health systems has, in the past, resulted in compromised quality.
Despite the pessimistic title of his January 5th article, Mr. Frakt is enthusiastic about new payment models being implemented by Medicare and some insurers (e.g. Accountable Care Organizations, Bundled Payments) as well as the rapid advances in health IT. He is quite hopeful that heightened productivity will lead to improved quality and simultaneous cost reductions. He points to preliminary research indicating that we are on the right track.
Read More from Week in Review HERE.