Study: Health Insurances Spend Little On Quality Improvement, Premiums
WASHINGTON (CBSDC) – Americans more than likely didn’t see health insurers make improvements to healthcare premiums in 2011, despite the implementation of the Affordable Care Act.
A new study from the Commonwealth Fund found that companies spent less than 1 percent, or $29 per policyholder. According to the study, companies were more likely to meet the act’s requirement that at least 80 percent of premium money goes toward patient care.
“In order for our healthcare system to guarantee that all Americans receive the best possible health care, we need all major healthcare stakeholders…to make substantial commitments to far-reaching, dramatic quality improvements,” said David Blumenthal, president of the Commonwealth Fund, to The Hill.
In 2011, 51 percent of quality improvement spending was put toward improving health outcomes, according to the study.
The study predicted that the majority of insurance companies would not substantially invest in quality improvement until the healthcare system becomes more transparent. The researchers stated that the revised healthcare system needed to give consumers a better sense of the link between plans and outcomes.