The final economic principles identified and reviewed by the meeting participants follow:
Realign financial incentives to center on the health of people.
The health system must carefully consider economic rewards and penalties. These financial incentives provide more than just direct motivation for patients and providers, but also mirror what we view as the priorities for the system. As such, financial incentives should be fundamentally realigned to support prevention, and focus on the highest quality care for individuals, families and communities. Coordination, innovation, and coverage should all be thought of in terms of the health of the individual. Costs and profits must be viewed from within this framework.
To put patients first, we must:
- Establish a clear minimum standard for coverage and care
- Educate patients and their caregivers on efficiently navigating the health system
- Enhance investment at the point when individuals enter the medical system to balance with end of life care
- Incentivize healthcare providers’ time with the patient
- Incentivize coordination of systems and fields
- Fuel and reward innovation in research and healthcare to encourage further investment
Please share your real-life examples of these principles in the comments section below or email them to healthreform@geneticalliance.org.
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