Policy Center launched by the Wests aims to save billions in health care costs
January 24, 2012 by Mark
The West Health Policy Center was opened on January 23 in Washington, D.C. by Gary and Mary West with the objective to save $100 billion in health care costs around the country within the next 10 years. The Wests are using printing services to print brochures and other information about their center to attract researchers and other health care professionals to work at and contribute to the efforts of the Policy Center.
The Wests are making a multi-million dollar commitment to the Policy Center over the next several years with the intention of helping to lower the cost of health care. Gary West has pointed out that rising health care costs are causing a national crisis and changes need to be made in the reimbursement and regulation of health care that are vital to the country’s economy and national security.
One way in which the Policy will achieve its goals is with a fellowship program that will select five fellows over the next five years through a an application and interview process across the nation with the criteria being that the selected fellow will be able to identify health care cost savings actions that could save $1 billion a year. Dr. Peter Neumann is the Policy Center’s first fellow and is renowned for his use of cost effective analysis in health care decision making. Neumann will be working with the four other fellows to identify cost saving regulatory changes across various federal agencies such as the Food and Drug Administration and the Centers for Medicare & Medicaid Services.
The Policy Center will also work with the West Wireless Health Institute and the West health Investment Fund, all part of the West Health Initiative that was established by Gary and Mary West.