What does the future of healthcare look like? And how will election 2016 impact the industry? Last Thursday, Susan DeVore shared her thoughts on these two big questions with CNBC’s Squawk Box, The Street and Yahoo! Finance’s The Final Round. She discussed everything from accountable care to the high cost of prescription drugs. Here are a few of the key takeaways:
#1: The Affordable Care Act is Here to Stay
Whether Trump or Clinton takes the White House this fall, the overall repeal of coverage expansion under the Affordable Care Act (ACA) is very unlikely.
- If Clinton wins: The ACA will remain largely intact, with a renewed focus on healthcare affordability and more efficient Medicare/Medicaid programs.
- If Trump wins: There will be confusion about how to move forward with the ACA. Unilateral change will be difficult because of the stigma of taking away benefits. In addition, Republicans are not united on an ACA replacement plan.
#2: Value-Based Payment Will Keep Moving Forward
Value is the new economy and measurement is the new currency in healthcare. No matter who becomes president, the movement from pay-for-volume to pay-for-value healthcare will continue. Under Clinton, value-based reforms will accelerate. Under Trump, they also will continue, but at a much slower pace.
Look for healthcare providers and their patients to drive large-scale healthcare transformation. How? Through technology, data analytics and wrap-around implementation services. These musts will provide the science and rigor necessary to reshape our industry – a paradigm shift Premier welcomes. Together, we can transform healthcare.
For more thoughts on these topics, click the links below: