I attended a press conference call today sponsored by the Partnership To Fight Chronic Disease (PFCD). Former Secretary of HHS, Tommy Thompson, and Ken Thorpe, Executive Director of PFCD. One of the journalists on the line with me helped to frame the size of the healthcare financial crisis this way: chronic disease is costing us more than 2 Wall Street bailouts per year. Here are some highlights from the discussion. To listen to a recording of the call, please click here.
Ken Thorpe, Ph.D.:
Dr. Thorpe emphasized that the mismanagement of chronic disease and the failure to promote wellness and prevention is the number one driver of health costs.
“Failure to make healthcare more affordable is a recipe for long term disaster. The economic downturn has made healthcare an even more important priority. As wage growth slows down and as the deficits rise, we have to find ways in our public budgets to control the growth in Medicare and Medicaid and in the private sector to make health insurance more affordable for working families and for businesses. We must act now (and do something compelling, big, and structural) to make healthcare more affordable. Otherwise, despite all the talk about universal coverage, no one will be able to afford healthcare within 10 years.”
Sec. Tommy Thompson:

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