AMGA Offers Solutions to Congress for Reducing U.S. Healthcare Costs
Emphasizes Need for a Value-Based Approach
Alexandria, VA – AMGA today in a letter to Congress recommended that moving our nation’s healthcare system toward value-based care is the best way to address rising healthcare costs. AMGA also emphasized the need to reduce costs in Medicare, decrease administrative burden, promote price transparency, encourage patient engagement and accountability, and foster innovation. The recommendations are in response to a Senate Health, Education, Labor, and Pensions (HELP) Committee request to AMGA and other health industry experts on what steps Congress should take to address rising healthcare costs and any solutions they can recommend to the administration or state governments.
“The rising cost of health care in this country is an unnecessary burden on all American families and especially impacts vulnerable patient populations. We need to find a way to lower costs while continuing to provide high-quality, value-based care,” said AMGA President and CEO Jerry Penso, M.D., M.B.A. “Policymakers have made it clear they want to transform the way U.S. health care is financed. Ensuring success in value-based arrangements, where providers are accountable for total cost of care, is the best way to accomplish that goal.”
AMGA’s letter to the HELP Committee addressed significant obstacles in the healthcare market impeding the transition to value-based care. These include lack of access to administrative claims data, no standardization of data submission and reporting processes, and limited commercial payer involvement in risk.
The complete letter is available on the AMGA website.
AMGA is a trade association leading the transformation of health care in America. Representing multispecialty medical groups and integrated systems of care, we advocate, educate, innovate, and empower our members to deliver the next level of high performance health. AMGA is the national voice promoting awareness of our members’ recognized excellence in the delivery of coordinated, high quality, high-value care. More than 175,000 physicians practice in our member organizations, delivering care to one in three Americans.
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