April 25, 2024
Leveraging Supplier Diversity for Economic Prosperity in Massachusetts
Editor’s note – This article appeared Wednesday in The Springfield Republican. By Brooke Thomson and Xiomara Albán DeLobato…
Read MorePosted on September 27, 2012
Can consumers really change a health-care market that threatens the economic well-being of the country?
Many observers find it preposterous that employers and workers could change 17.9 percent of the American economy by shopping for health care the way they shop for automobiles or houses.
But a growing body of evidence suggests that consumers are, in fact, exerting pressure that is moderating health care costs and improving the quality of care. More importantly, the same evidence points to the fact that the consumer revolution in health care will take place much faster and be more pervasive than anyone imagined.
Consider the following developments:
AIM and its thousands of member employers maintained throughout the recent debate on the new Massachusetts health cost law that it is possible to improve care and simultaneously moderate cost in an industry where one-third of all spending is wasteful or inappropriate. It now appears that millions of consumers, doctors, employers and insurers around the country have reached the same conclusion.
That’s food for thought for employers uneasy about trying to convince workers that more medical care and cost does not equate to better care. That question has been answered.
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