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Legislative and Regulatory Actions to Limit Healthcare Expenditures

Week 3 Diss DDHA 8600 By Day 3 Post an explanation of what additional legislative and/or regulatory actions might be taken to limit increases in healthcare expenditures at the state and federal level. Be specific and provide examples State Level There are several advantages to implementing reforms at the state level. State-level reforms can be tailored to work best for each state, depending on its size and demographics and the structure of its insurance markets. States also have considerable authority over the regulation of health insurance and the provision of health care within their borders (Altman & Morgan, 2015). A cost growth goal caps the growth in a state's total health care spending per capita, based on growth in the gross state product per capita. A goal is a public pledge to hold health care costs under a set target and could be established quickly and without legislation. Massachusetts and Maryland have set such goals, and Rhode Island's Working Group for Healthcare Innovation recently endorsed the establishment of one (Buck, 2003). Besides, all states should institute a state scorecard on health and cost outcomes. A scorecard would permit state stakeholders to comprehend the current spending and outcomes landscape and let the state openly track progress toward goals, leading to an increase in the accountability of providers, payers, and other stakeholders (Altman & Morgan, 2015). Federal Level: Medicare Medicare should directly expand the Acute Care Episode program--which bundles payments for cardiac and orthopedic procedures--nationwide. Medicare has shifted the from fee- for-service to bundled payments for all procedures and primary care. This move has showed that bundling payments for hospital care and post-acute care would save Medicare almost $19 billion in a decade-assuming full implementation. Other estimates that bundled payments would save Medicare much more: $63 billion in a decade ("Health Cost Containment: State Initiatives and Federal Health Reform", 2020). Negotiating Pharmaceutical Prices Current law, the Secretary of the Department of Health and Human Services (HHS) is prohibited from negotiating lower drug prices on behalf of Medicare Part D beneficiaries. One study has shown that the potential annual savings with FSS prices would be $21.9 billion [95% confidence interval (CI), $21.1 billion to $22.8 billion]. If Federal Supply Schedule (FSS) prices were substituted for only the top ten drugs, the annual savings would be $5.9 billion (95% CI. $5.7 billion, $6.1 billion) (Gellad et al., 2008) References Altman, D., & Morgan, D. (2015). The Role of State and Local Government In Health. Health Affairs, 21(4). Retrieved 17 June 2020, from. Buck, J. (2003). Medicaid, Health Care Financing Trends, and the Future of State-Based Public Mental Health Services. Psychiatric Services, 54(7), 969-975. https://doi.org/10.1176/appi.ps.54.7.969 Gellad, W., Schneeweiss, S., Brawarsky, P., Lipsitz, S., & Haas, J. (2008). What if the Federal Government Negotiated Pharmaceutical Prices for Seniors? An Estimate of National Savings. Journal Of General Internal Medicine, 23(9), 1435-1440. https://doi.org/10.1007/s11606-008-0689-7 Health Cost Containment: State Initiatives and Federal Health Reform. Nesl.org. (2020) Retrieved 17 June 2020, from https://www.ncsl.org/research/health/cost-containment-in- health-reform.aspx. Feedback Hi Tiffany, Good examples! The Tobacco