Problem
Health care reform changes the delivery and financing of care, shifting from volume-based, fee-for-service care to value-based care focused on efficiency and quality. This shift has led to changes in health insurance and healthcare delivery markets. For this discussion, you examine this volume-to-value shift and consider the implications of the changes.
Read Chapter #2 (Health Insurance) and Chapter #3 (Payments to Providers). In the textbook Understanding Healthcare Financial Management, Eight Edition by George H. Pink & Paula H. Song (2020).
Task
a) Analyze the current economic shift from volume-based health care to value-based health care. What economic principles (macro and micro) are driving this shift?
b) Evaluate the implications of this volume to the value shift. How has this shift affected how you work, or a family member has been treated for a medical condition?