Next Avenue: How to lower health care costs in America

This article is reprinted by permission from NextAvenue.org.

The U.S. ranks No. 1 for highest health care costs per person. Annual family health insurance premiums rose 5% last year, averaging $19,616, according to the Kaiser Family Foundation. A healthy couple retiring at 65 this year can expect to spend $285,000 on health care in retirement, says Fidelity Investments. So, what could lower crushing health care costs in America?

Value-based health care and health care cost transparency, said experts at West Health’s Healthcare Costs Innovation Summit in Washington, D.C. April 2. But, the speakers at the “High Costs, Broken Promises: Healthcare in America” event conceded, neither will be easy to pull off.

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