Friday, August 24, 2012

A long bright future - medicare

Some 30 to 40 percent of medical procedures are ineffective or redundant.

An estimated thirty thousand Medicare patients die each year from unnecessary or unproven care.

Peter Orzag, former director of Congressional Budget Office and Office of Budget and Management maintains that ineffective or redundant medical procedures cost the nation roughly $700 billion each year.

It's time to consider not just evidence about the effectiveness of procedures, but their cost effectiveness.

Independent health care board consist of health economists and physicians who would consider the cost effectiveness of new and existing technologies, medications, and procedures.

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