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Value-based or Fee-for-Service?
#1 · December 20, 2022, 7:47 am
Quote from WebWeaver on December 20, 2022, 7:47 amInteresting article about the push to move away from “fee for service” medical payment options:
https://www.statnews.com/2022/07/26/value-based-payment-produced-little-value/
Interesting article about the push to move away from “fee for service” medical payment options:
https://www.statnews.com/2022/07/26/value-based-payment-produced-little-value/
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Last edited on December 20, 2022, 8:07 am by WebWeaver
#2 · December 20, 2022, 7:50 am
Quote from WebWeaver on December 20, 2022, 7:50 amThis is the comment that I made in a Radical Elders discussion that led someone to post the article above.I have heard good reports about Kaiser, but they are an exception. I do pay for Medigap insurance—less than my health insurance was as a freelance editor a few decades ago, but certainly a consideration—but it does cover virtually everything.I’m not 100% sure on ending fee-for-service, though I could see some sort of price controls; I know someone who needed treatment for breast cancer (lumpectomy? not sure, it has been some years and memory fades) and was quoted (and I clearly remember these numbers) $11,000 and $600 for the same service. She had connections to a hospital ombudsman to resolve the issue, but most do not. There has to be a rational way for determining the cost for a procedure; that level of variation just proves that there is a major problem with the “system”.My concern with something other than fee-for-service is that it is an incentive to do less to keep more of the per-patient payment.
This is the comment that I made in a Radical Elders discussion that led someone to post the article above.
I have heard good reports about Kaiser, but they are an exception. I do pay for Medigap insurance—less than my health insurance was as a freelance editor a few decades ago, but certainly a consideration—but it does cover virtually everything.I’m not 100% sure on ending fee-for-service, though I could see some sort of price controls; I know someone who needed treatment for breast cancer (lumpectomy? not sure, it has been some years and memory fades) and was quoted (and I clearly remember these numbers) $11,000 and $600 for the same service. She had connections to a hospital ombudsman to resolve the issue, but most do not. There has to be a rational way for determining the cost for a procedure; that level of variation just proves that there is a major problem with the “system”.My concern with something other than fee-for-service is that it is an incentive to do less to keep more of the per-patient payment.
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