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Denmark: Electronic records save money and improve outcomes...
Placing a cap on drug costs could save U.S. health care billions. But it's not without controversy. England and Wales have set up a body called the National Institute for Health and Clinical Excellence (NICE) which reviews treatments to decide which are the most cost-effective and which the National Health Service (NHS) should pay for. A new drug has to offer value for money - and if it doesn't, whether it is life-saving or not, NICE won't approve...
...adopted a similar system, it would revolutionize the culture of major pharmaceutical companies, many of which spend more on marketing than research and development. A 2008 study in the New England Journal of Medicine predicted that incorporating information about cost-effectiveness into the design of U.S. insurance would save $368 billion over 10 years...
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...which was denied under George W. Bush.) For Obama, the simple fact that these habitually warring parties were willing to come together on the new requirements was as important as the 1.8 billion bbl. of oil and 900 million metric tons of greenhouse gases the rules are expected to save. "In the past, an agreement such as this would have been considered impossible," he said. "What everyone here believes, even as views differ on many important issues, is that the status quo is no longer acceptable...