A Quote by Kenneth Frazier

Competition in our health system is a powerful force of cost-containment. — © Kenneth Frazier
Competition in our health system is a powerful force of cost-containment.
Where health care has failed is in designing a cost containment mechanism that works.
Despite heated political debates on the future of our health care system, there is bipartisan agreement that health IT can be a powerful tool to transform and modernize the delivery of health care in our country. Health IT is about helping patients and their loved ones.
Americas health care system provides some of the finest doctors and more access to vital medications than any country in the world. And yet, our system has been faltering for many years with the increased cost of health care.
America's health care system provides some of the finest doctors and more access to vital medications than any country in the world. And yet, our system has been faltering for many years with the increased cost of health care.
In comparison to the U.S. health care system, the German system is clearly better, because the German health care system works for everyone who needs care, ... costs little money, and it's not a system about which you have to worry all the time. I think that for us the risk is that the private system undermines the solidarity principle. If that is fixed and we concentrate a little bit on better competition and more research, I think the German health care system is a nice third way between a for-profit system on the one hand and, let's say, a single-payer system on the other hand.
If you take your kid in for the sniffles, you pay $20, but the full cost is $200. And so we need to get back to the price system where you see the full cost of health care, and then people will make smarter decisions. That will reduce health care costs, and it's a huge part of our economy.
We need a cost-effective, high-quality health care system, guaranteeing health care to all of our people as a right.
The German health care system is unique in its attempt to combine competition among sickness funds on the one hand and a universal coverage plan on the other hand. Most health care systems are either one or the other, so you either have private insurance and competition but not everyone is covered for everything, or you have a single-payer system. So the ideal types are like the American system on the one hand or the Scandinavian or U.K. systems on the other end. Germany tries to combine the advantages.
You can't have public health without a public health system. We just don't want to be part of a mindless competition for resources. We want to build back capacity in the system.
Competition, by itself, always leads to cheating by the powerful, who try to establish pyramids of power, like feudalism. Yet, competition is the great creative force! So how do we save it from its own contradictions? By cooperation! By cooperating with each other, via politics, to make rules and prevent cheating, so that competition can thrive!
In 2009, when I was Health Minister, we re-engineered our business processes to examine the weaknesses and opportunities in our health system. Following that exercise, we established a public health emergency management system from national to district level to prevent and provide rapid response to outbreaks.
The reforms we seek would bring greater competition, choice, savings and inefficiencies to our health care system.
An enormous piece of the cost in our health care system today is driven by lifestyle decisions, and so we all have an effort to do better.
Competition among insurers would bring down the cost of health care insurance, just as it brings down the cost of car or homeowners insurance.
Cost is the spectre haunting health reform. For many decades, the great flaw in the American health-care system was its unconscionable gaps in coverage.
Besides taking jobs from American workers, illegal immigration creates huge economic burdens on our health care system, our education system, our criminal justice system, our environment, our infrastructure and our public safety.
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