NIHCM Foundation hosted a webinar entitled "Controlling Health Care Spending: The Imperative to Act and Diverse Views of the Road Forward" on February 2, 2012 at 1:00 PM (EST).
The U.S. now spends $2.5 trillion annually on health care, accounting for well over 17 percent of GDP and growing rapidly with challenging fiscal consequences. Despite the imperative to control spending, we face much uncertainty about how to move to a more sustainable path. Political opposition threatens implementation of the Affordable Care Act, and many of its cost-control measures are still unproven. A long-term fix for Medicare physician payment remains elusive. The trigger mechanism activated by the failure of the Super Committee is poised to affect myriad health programs, but decisions on the specific cuts await sure-to-be intense congressional negotiations. And the many ideas for entitlement reform that were advanced during deficit reduction talks continue to generate much debate but little consensus.
To shed light on these complex issues, this webinar featured presentations from leading health policy experts:
- James C. Capretta, Ethics and Public Policy Center
- Michael E. Chernew, Harvard Medical School
- Jonathan Gruber, Massachusetts Institute of Technology
- Julie A. Schoenman, NIHCM Foundation
Presentation topics will include:
- health spending growth and the implications for government budgets, employers and individuals
- the societal trade-offs we face as health spending grows and as we think about ways to control spending
- alternative viewpoints on the viability of cost control approaches now being tried and the most promising options for the future