New healthcare plans are being discussed by the Trump administration. Both Republicans and Democrats agree that healthcare in the United States is too expensive, but coming up with a solution that works for everyone is easier said than done. The Trump administration wants to ensure that patients receive the high-quality, value-based care they deserve, all while keeping prices reasonable. Here are some trends that are pointing towards high value care being a priority.
Health Spending and Consumers
With patients and consumers currently covering an increasing percentage of health costs, this trend doesn’t seem to be changing anytime soon. Health savings accounts, or HSAs, will likely lead to a greater use of tax credits. A myriad of online tools are making it simpler for consumers to locate providers that offer lower costs, leading them to get the best value for their money. Medicare is also being discussed, although it will likely not receive the same spending increases it has been given in the past.
Employer Healthcare Demands
Just as employees want the best out of their health plan, employers want to see value as well. Health insurance premiums will likely increase by 6.5% this year and employers are feeling overwhelmed by increasing costs. In order to keep employers controlling costs through high-deductible plans, this will be a priority in the development of a new plan. Predictions show employers will allow employees to access care through on-site primary care physicians.
Narrowing networks is one way to keep care value high and costs low. A competitive field will focus growth on new plans and tiered benefit structures. This will allow for high-value providers to be rewarded while low-value, more variable ones will not be as lucky. Bundled programs through narrow networks is one solution payers are considering to assist the high-value providers.
Many changes are in the works in the world of healthcare, and Catholic Benefits Trust is keeping track of all of them. We offer a number of member benefits to ensure everyone receives the best care and service possible. For more information on our benefits and how we can help you, contact us today!