Page 37 - Cost Effectiveness News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>> putting cost over care, a panel of experts recommending the obama administration emphasize costs effectiveness rather than breadth of coverage for implementing a key part of the health care law. and that translates into rationing. doctor, you have said this but here it is. what is new? what did we learn? >>guest: they are actually putting the rubber to the road. we see the head of the institute of medicine panel, a pathologies, that is a problem. how come he is involved and his panel in deciding what is clinically effective? and politicians, hhs, will interpret this? and decide what is cost...

This says. >> andrea: we can all get plastic surgery under the plan. >> bob: with all due respect, maybe one or two like greg said it already. the fact of the matter is it's a list of guidelines. you say it keeps the cost down. all of you have been doing is sitting around complaining about the cost being so high. what is wrong with that? >> eric: decisions are made based on cost effectiveness of the treatment. >> bob: fine. >> eric: also, not only the treatment, the development, the research and development, think about that for a second. it's not covered. >> andrea: for example, pharmaceutica...

Essential terms under obamacare, eric. >> eric: even scary, a line in the document is no, no -- this is very scary. if you're not scared, you should be. cost effectiveness of the treatment. so if there is a treatment that is working but it's very expensive, they're going to say well, guess what? we're not going to pay for it. that is scary thought. >> greg: what scares me is the things they are going to pay for. because there is going to be a lot of groups now that the money spigot is turned on, we have a lot of lobbyists for acupuncture and massage. in five years i'll be able to get liposucti...

Between, as you well know, where the republicans want to take this and -- look, the republican thing is a big risk shift from government onto the backs of seniors, and the democrats are going to do everything they can to present that shift. at the same time they have to implement reform that gets the cost on a sustainable path. there are ways to do that that improve the cost-effectiveness of medicare and not hurt the consumer side. >> jared, last thing then, you're saying no actual costs star you know and suspect, not raising the eligibility age. is there anything else that would be on the tab...

Effectiveness, which penalizes a school for providing a quality education at a reasonable price? particularly at a time when the educational world is sinking under its own weight, right? the one thing we all agree is that higher education in this country is out of control because they can't -- the costs keep going up every year faster than the rate of inflation. people can't afford to go to college. we're in this crisis, cost crisis. and yet we have a rankings system which refuses to acknowledge the importance of cost effectiveness. >> before we go, i have to ask you, you went to the universit...