Rising health care costs are a top concern for Americans today, with 64% of voters in a January 2016 Kaiser Health tracking poll, citing a candidate’s position on the cost of health care, health insurance, and prescription drugs as “the single most important factor” or “a very important factor” in their vote for president. With health care costs continuing to outstrip inflation, not surprisingly, many Americans are looking to curb their out-of-pocket health care spending.
As former Senate Majority Leaders, we strongly believe that now is the time to find and implement innovative approaches to fundamentally transform our approach to health care….
— Bill Frist, M.D. (@bfrist) August 19, 2016
Since 2013, our work together at the Bipartisan Policy Center has focused on recommending key delivery system and payment reforms, including bundled payments as one type of alternative payment model. We applaud the administration’s thoughtful approach to expand bundled payment arrangements across the Medicare program. This latest effort presents a real opportunity to better treat cardiovascular disease, the top cause of death and disability in this nation. And, we encourage CMS to further examine new payment and delivery system approaches that can be tested and scaled to improve health and health care, and lower costs.
Over the course of the next year, we will continue our efforts at the Bipartisan Policy Center to find ways to improve Medicare’s offerings to its 55 million beneficiaries.