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Slouching Toward Value-Based Health Care
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DESPITE SOME RECENT moderation, health care costs continue to grow at rates exceeding those of the larger economy, as documented in the annual assessment by the Centers for Medicare and Medicaid Services (CMS), with which we begin this issue of the journal. Spending growth is not necessarily a problem, assuming the benefits in terms of enhanced health and social well-being grow commensurately. As often noted in these pages and elsewhere, the key is value, measured in terms of the contributions of health care minus the attendant costs, with both contributions and costs conceptualized very broadly.
"Value-based" is the preferred . . . [Full Text of this Article]
James C. Robinson, Editor-In-Chief

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