LOWERING HEALTHCARE COSTS

Lowering Healthcare Costs

West Health is continuing its efforts by focusing on three common-sense reforms: lowering the cost of prescription drugs, accelerating the adoption of value-based care models, and increasing price transparency for consumers and employers.

The Opportunity

The rising cost of healthcare is a growing economic and public health crisis that hurts the U.S. economy, threatens individual financial security, compromises care and reduces patient access. Excessive spending on healthcare places significant burdens on American businesses and family budgets and endangers the funding of vital programs such as Medicare and Medicaid.

Three common-sense reforms – lowering the cost of prescription drugs, accelerating the adoption of value-based care models, and increasing price transparency for consumers and employers.

Our Goal

Our goal is to develop and share specific recommendations and policy and practice prescriptions to be published and their implementation facilitated with elected officials, policymakers, health systems, insurers, businesses, patients and other stakeholders. Progress will be measured to hold stakeholders accountable for reducing healthcare costs.

Press Release: The Great Disconnect Between Perceptions and Realities of the U.S. Healthcare System

Americans are borrowing tens of billions of dollars, skipping treatments and significantly cutting back on household spending to pay for basic healthcare, yet a wide partisan divide exists over their satisfaction with the current U.S. healthcare system and the quality of care it provides. These findings and more are based on a new survey conducted by nonprofit, nonpartisan organization West Health and Gallup, the global analytics and advice firm.

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West Health launches new interactive website HealthCostCrisis.org at 2019 Healthcare Costs Innovation Summit

The U.S. is spending more than $420 million per hour on healthcare, and on track to spend $12 Trillion by 2040, according to HealthCostCrisis.org, a new interactive website and crisis clock that tracks and forecasts healthcare spending in America in real time.

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Featured National Initiative: Civica Rx

Civica Rx exists in the public interest as a non-stock, non-profit corporation committed to stabilizing the supply of essential generic medications. Founded by seven leading hospital systems concerned about generic drug shortages and three philanthropic members passionate about improving healthcare, including the Gary and Mary West Foundation, Arnold Ventures and the Peterson Center on Healthcare. As of April 2019, more than 30 Health Systems have joined Civica as Governing, Founding and Partnering members, representing over 900 U.S. hospitals and equaling approximately 180,000 licensed beds or 27% of the nation’s licensed beds. Civica Rx will provide patients with greater access to more affordable drugs and better, safer care. Caregivers will be better able to focus on the delivery of great care, and not spend time searching for drugs in shortage or developing alternative therapies.

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Learn More About the 2019 Healthcare Costs Innovation Summit

The rising cost of healthcare is a growing and major threat to our economy, our financial security, and our individual health. For too long, we’ve been paying too much and not getting enough in return. The U.S. healthcare system is on an unsustainable cost trajectory. We have an urgent need to address this cost crisis so that healthcare can become more accessible and more affordable for all Americans. Now is the time.

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Lowering Healthcare Costs News


New West Health-Gallup survey finds Americans see firsthand the impact of high healthcare costs, and don’t believe political leaders are doing enough to fix it
The Committee for a Responsible Federal Budget and the West Health Policy Center have launched the Health Savers Initiative, a collaborative research project to develop new and improved policy options to lower healthcare costs for patients, employers, states and the federal government.
Learn about Gary and Mary West Foundation's role in the first-of-its-kind venture, which is focused on improving hospitals' access to low-cost generic pharmaceuticals.
House Speaker Nancy Pelosi (D-CA) today released a plan to allow government negotiation of prescription drugs that account for the greatest total cost to Medicare and the entire U.S. health system and that lack competition.
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