The "New Normal": How Will the Market Respond? (opening statement by Leonard Schaeffer)
232 views · Published 24 January 2011 · 15:34 · Indexed 30 September 2026
Channel: USC · 2011 · Education
Visit USC on YouTube: https://www.youtube.com/user/USC/ Learn more about the University of Southern California: https://www.usc.edu The USC Schaeffer Center for Health Policy and Economics hosted a conference Oct. 22, 2010, titled, "Health Reform and the Economy: Are They Good for Each Other?" Conference panels examined critical reform issues related to reducing costs, improving quality, ensuring innovation and changing health care delivery. The assembly of renowned speakers from government, academia and industry presented different views -- some were concerned that health reform will not control costs, while others believed that incentives in the new health law for more robust information technology and provider payment reform will begin to bend the cost curve. In the panel titled "The New Normal: How Will the Market Respond?" panelists David Cutler, David Knott and Leonard Schaeffer (opening panel statement) examined the potential for the new health reform law to control costs and the consequences for the economy, health care's stakeholders and the nation's security. Key points included the potential for some employers and providers to try to eliminate the role of insurers; the opportunity for effective cost-saving methodologies, such as ACOS and payment reform, to be implemented; and the concern that if costs are not controlled, the nation may face a fiscal crisis and threat to national security. Learn more about the University of Southern California: http://www.usc.edu Learn more about the USC Schaeffer Center for Health Policy and Economics: http://healthpolicy.usc.edu/
