CMS Chief Actuary on reducing health care costs
Wednesday, January 26, 2011
At one point, Foster indicated that he had more confidence in Chairman Ryan’s proposed Medicare reform plan to bring down costs than he has in the new health care law’s ability to do the same:
“If you can put that pressure on the research and development community, you might have fighting chance of changing the nature of new medical technology in a way that makes lower costs like this possible and more sustainable.
“I would say that the Roadmap has that potential. There is some potential for the Affordable Care Act price reductions, although I’m a little less confident about that.”