In 2003, Professor Gerard Anderson of Johns Hopkins and the late health economist Uwe Reinhardt of Princeton identified pricing as the key culprit in America’s exploding healthcare costs in their seminal paper: "It’s The Prices, Stupid: Why The United States Is So Different From Other Countries." Fast forward to 2018 and not much has changed, only the problem has gotten worse.
We discussed Healthcare's Pricing Problem: How Did We Get Here and How Can We Reverse the Trend? at the 14th Annual Columbia Business School Healthcare Conference on February 16, 2018. I moderated the panel, which included experts from the pharma, PBM and delivery sides to help us understand the many factors that influence what is charged and what is paid. It was a great discussion with:
- Gerard Anderson, PhD - Professor of Health Policy and Management and Director of John Hopkins Center for Hospital Finance and Management, John Hopkins Bloomberg School of Public Health and Medicine
- Tracy Bahl, MBA, CBS '04 - EVP of Health Plans, CVS Health
- Patrick Davish, Esq. - AVP Global Pricing, Merck & Co