Thursday, July 19, 2018

Alexander on healthcare
U.S. Senator Lamar Alexander (R-Tenn.)is chairing a series of hearings in the Senate health committee on how to reduce health care costs. A second hearing was held earlier this week. “In our second hearing, we heard the remarkable testimony that in the United States, we may be wasting as much as half of what we spend on health care, and the United State spends nearly 19 percent of all of our wealth on health care. By wasting we don’t just mean fraud, we mean unnecessary spending -- for example, unnecessary tests, unnecessary medication, or unnecessary administrative burden. Among those testifying today was Dr. Jeff Balser, who is the chief executive officer of Vanderbilt Medical Center. What can we do about it? Well, number one, reduce complexity. Number two, utilize the services we have better. Number three, reduce prices, primarily through competition. And number four, find ways to make it possible for those of us who buy the services to know more about what we’re buying. We’re going to continue to look for ways to bring down the cost of health care.”


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