If President Trump, Secretary Price and the Republican-controlled Congress aim to create jobs, cut taxes and fund national priorities to strengthen the American economy, now is the time to take bold action to reduce health care costs through targeted deregulation and market-based strategies.
There is no better or more proven solution than value-based care to accomplish these goals.
And there is no more authoritative voice to make this assertion than Fortune 500 companies, America’s largest employers, who have launched innovative programs that have reduced costs while improving the quality of care for their employees and families.
The DRIVE Health Initiative, led by employer groups The ERISA Industry Committee and the Pacific Business Group on Health, is a campaign to decrease costs, improve quality and vitalize the economy through value-based care.
Employer-sponsored health plans provide health insurance for over half of all Americans under age 65. Many large employers and other purchasers have developed successful strategies for controlling costs and improving quality through innovations in provider payment, delivery system improvement and consumer engagement. This practical experience offers important and useful lessons to policymakers who are seeking solutions for the high cost and poor quality of our country’s health care. U.S. business leaders are ready to take on the challenge of driving adoption of successful value-based purchasing strategies.
But action from employers alone is not enough to deliver the pace and scale of change needed; government leadership is necessary. The efforts of patients, providers and purchasers to operate under the market-based principles of free and informed choice will be inhibited unless government action is taken. DRIVE Health — Deliver Results, Innovation and Value For Everyone — is a purchaser-led campaign to accelerate value-based care by working with the government to reduce unproductive regulations and implement market-based purchasing strategies.
Explore our website to learn more about value-based care, the real-world innovations that inform DRIVE Health and what must be done to accelerate adoption.
Rationale behind Value-based Care
The current health care system has too much waste, too little care coordination and too expensive. With value-based care we can make health care an effective market again.
Innovations in Value-based Care
Many large employers and other purchasers have developed successful strategies for controlling cost and improving quality through innovations in provider payment, delivery system improvement and consumer engagement.