Value-based care isn’t transforming healthcare spending

<p>Every year, <em>Health Affairs</em> publishes a retrospective look at national healthcare spending. In 2020, Anne Martin and colleagues from the CMS Office of the Actuary found that U.S. <a href="https://www.healthaffairs.org/doi/full/10.1377/hlthaff.2020.02022">healthcare spending increased 4.6% to $3.8 trillion in 2019</a>. </p><p><br></p><p>The rate of health spending declined slightly from 2018, which noted a growth rate of 4.7%. Hospital care, physician and clinical services, and retail purchase of prescription drugs, which accounted for 61% of total national health spending, saw faster growth rates in spending in 2019.</p><p><br></p><p>These figures predate the coronavirus, which has led to major changes in healthcare delivery and spending. </p><p><br></p><p>In this week’s episode of <em>A Health Podyssey</em>, Alan Weil invites Sherry Glied, dean of the Robert F. Wagner Graduate School of Public Service at New York University, to the program. They take a step back from the main findings from the paper and discuss the relationship between administrative costs and the high costs of healthcare prices. </p><p><br></p><p>Listen to Sherry Glied share why she thinks value-based care won’t be transformational and how public health is a desirable field to choose a career in now.</p><p><br>Subscribe: <a href="https://feeds.transistor.fm/a-health-podyssey">RSS</a> | <a href="https://podcasts.apple.com/us/podcast/a-health-podyssey/id1533852530">Apple Podcasts</a> | <a href="https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2EtaGVhbHRoLXBvZHlzc2V5">Google Podcasts</a> | <a href="https://open.spotify.com/show/3tAEbXdlzlcgjLTHfJMYqR">Spotify</a> | <a href="https://castro.fm/itunes/1533852530">Castro</a> | <a href="https://www.stitcher.com/s?fid=576615&amp;refid=stpr">Stitcher</a></p>