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Despite progress at some individual companies, most employers are straining under the weight of an ever-increasing healthcare burden, just as Washington is straining to pay for its healthcare programs. As President Obama said today: "The explosion in health care costs has put our federal budget on a disastrous path...

Author: /time Magazine | Title: Obama Meets Business Leaders On Cutting Healthcare Costs | 5/13/2009 | See Source »

The report from the Trustees blames the economy for the fact that the Medicare's Hospital Insurance Trust Fund will have exhausted its reserves in 2017 and that the Social Security trust fund will be in the same position in 2037. The report for the two funds makes an attempt...

Author: /time Magazine | Title: The Great Social Security and Medicare Panic | 5/13/2009 | See Source »

Among policymakers, one of the phrases you hear most often is "bend the cost curve." The need to do precisely that became even clearer on Tuesday, with the release of the annual report of the Medicare trust fund. The trustees projected that the Medicare Part A (or hospital) trust fund...

Author: /time Magazine | Title: Cost, Not Coverage, Drive Health-Care Debate | 5/13/2009 | See Source »

1) Health-information technology: A recent study by researchers from the Harvard School of Public Health, Massachusetts General Hospital and George Washington University found that less than 2% of the 2,952 hospitals they surveyed had comprehensive electronic health-record systems. Without these, it is harder to track what kinds...

Author: /time Magazine | Title: Cost, Not Coverage, Drive Health-Care Debate | 5/13/2009 | See Source »

3) New financial incentives: Providers get paid according to how much care they provide, rather than how good it is. If a botched surgery lands you back in the hospital, for instance, that means more profit for the health-care industry. "They are often penalized if they provide more-efficient...

Author: /time Magazine | Title: Cost, Not Coverage, Drive Health-Care Debate | 5/13/2009 | See Source »

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