Population-Based Health Budgets
What is the problem?
In 2022, healthcare spending in the U.S. grew by 4.1%, costing Americans $4.5 trillion.
Why is it important?
41% of voters have reported not seeking healthcare when needed and 50% said they were in favor of implementing some form of government intervention to address rising healthcare costs.
What is the solution?
A population-based health budget establishes a maximum budget for each hospital, incentivizing hospitals to control hospital service utilization and cost.