PIPC Encourages Senate HELP Committee to Pursue Patient-Centered Approaches to Lower Health Care Costs
In a letter to Senate Health, Education, Labor, and Pensions (HELP) Chairman Lamar Alexander, PIPC Chairman Tony Coelho outlined several patient-centered policy approaches aimed at facilitating informed decision-making and reducing health care costs. Specifically, Chairman Coelho listed: (1) reauthorization of the Patient-Centered Outcomes Research Institute (PCORI); (2) avoiding the use of QALYs or similar value metrics; and (3) empowering patients to make informed health care decisions as avenues to pursue when considering policies to lower health care costs. "Health care stakeholders – ranging from patients, providers, and innovators – understand that a value-based health care system that truly supports advancements in personalized and individualized medicine must be built on a foundation of patient-centeredness," wrote Chairman Coelho. Patient-centered, evidence-based health care can lower overall spending by ensuring patients are able to receive timely treatment that is right for them, avoiding downstream costs, and improving patient outcomes."
The letter in its entirety can be downloaded below.