Steven Garber: 10 Ways Innovation Could Help Cure the U.S. Health Spending Problem

1. Encourage Creativity in Funding Basic Science
2. Reward Inventors with Prizes
3. Buy Out Patents
4. Establish a Public-Interest Investment Fund
5. Expedite FDA Reviews and Approvals
6. Reform Medicare Payment Policies
7. Reform Medicare Coverage Policies
8. Coordinate FDA and CMS Processes
9. Increase Demand for Technologies That Lower Spending
10. Produce More and More Timely Technology Assessments

Source: The Rand Blog
Source URL: http://www.rand.org/blog/2014/04/10-ways-innovation-could-he...

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