Monday, June 7, 2010

Bending the Healthcare Cost Curve

This is a departure from discussion relating only to ABIs for lower limb assessment. I have read two publications in recent weeks discussing the potential challenges and risks of Ontario's booming healthcare spending. The first published in April by OHA, OLTCA, identifies strategies to contain the cost of healthcare in Ontario. It is valuable to see in writing what the industry has seen and been advocating for years, that a small percentage of people account for the majority of services and healthcare dollars and long term thinking on prevention and targeting is cost effective. It also provides a valuable insight into the language of healthcare decision makers, health economists and government. The second document published in May is Charting a Path to Sustainable Health Care in Ontario. It is a TD Economics Special Report (May 27, 2010) and includes their recommended 10 strategies to manage the projection that at current growth rates of 6.5%, healthcare would consume 80% of Provincial funding by 2030. I recommend reading both.