Earlier this week, an editorial in the Boston Globe highlighted a number of encouraging developments in health care that demonstrate how the market is working on its own to control costs. Given these advances, the Globe recommended taking a “wait-and-see” approach to additional regulation.
At Partners HealthCare, we agree that the market is working, and we continue to support and promote new methods of care and accountability in improving patient outcomes while we address affordability. You may recall that Partners was recently selected to participate in the Pioneer Accountable Care Organization (ACO) program, which focuses on enhanced care coordination to lower costs. We’ve also renegotiated contracts with some of the state’s largest insurers.
It’s all part of a trend of controlling costs and improving the quality of health care here in the Commonwealth. As the Globe notes, “No matter how well-intentioned, it’s highly dubious that outside players could determine the “right” hospital rates or prices. That’s particularly true when it comes to teaching and research institutions.” New regulations could stifle innovation and the health care system’s ability to take on new challenges.