Is the Statement of Support for the Four Cornerstones of Value-driven Health Care a binding legal commitment?
This commitment is not a legally binding commitment, nor do the goals or support for the goals represent legal requirements. Rather, by committing to support implementation of these objectives, employers and other purchasers are indicating their intent to make a good faith effort to use their purchasing power to advance interoperable health IT, quality and cost or price transparency, and incentives for providers and consumers, such as pay-for-performance and consumer-directed health plans, as set forth in the Executive Order. The extent to which an employer obligates its contracted health insurance plans to implement these goals is a matter for each employer to determine.
No, this commitment is not a legally binding commitment, nor do the goals or support for the goals represent legal requirements. By supporting these objectives, employers and other health care purchasers are indicating their intent to use their purchasing power to advance: • interoperable health information technology, • quality and cost or price transparency, and • incentives for providers and consumers, such as pay-for-performance and consumer-directed health plans, as set forth in the Executive Order. The extent to which an employer obligates its contracted health insurance plans to implement these goals is a matter for each employer to determine.
Related Questions
- What is the potential cost or benefit to my organization if we commit to support the Four Cornerstones of Value-driven Health Care?
- Is the Statement of Support for the Four Cornerstones of Value-driven Health Care a binding legal commitment?
- Where should we return the Statement of Support for the Four Cornerstones of Value-driven Health Care?
