BIG PHARMA POLITICS: Consumers pressure politicians to do something about rising drug prices. Read More
A new study from Stanford Medicine researchers has found three approaches to late-life care that could save patients a lot of money.
The study points out that these services fall outside the traditional definition of medical care. However, they are now covered by private Medicare Advantage plans, making them feasible strategies to improve care while lowering overall health care costs.
Researchers believe that the national cost savings of the approaches range from hundreds of millions to billions of dollars annually. The reason is that the three approaches outlined can reduce 30-day hospital readmission rates by 25 percent, bolster the physical and emotional health of older adults, and make homes safer from hazards for patients.
Are you familiar with one of the three approaches to improve late-life care? Share your story with Voices for Affordable Health.