Healthcare is an economic paradox. On one hand, it's our nation's fastest-growing employer, projected to add 15.6 million jobs by 2022. On the other, high costs coupled with an aging population are breaking budgets.
The root of healthcare's cost dilemma is the fee-for-service system, which pays providers based on the number of office visits, tests or procedures they perform. Because payment is tied to consumption, fee-for-service directly contributes to our spending problem.
Story Date:
August 15, 2015
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