Final answer:
The CMS and TJC developed 'Core Measures' to standardize patient care. Addressing the costs associated with EHRs, moral hazard and adverse selection in insurance, and regulations from the ACA are crucial for balancing treatment costs, quality of life, and privacy.
Step-by-step explanation:
The Center for Medicare & Medicaid Services (CMS) in conjunction with the The Joint Commission (TJC) developed a common set of specifications for patient care known as Core Measures. These measures aim to improve patient safety and quality of care by standardizing treatment processes. When considering the balance between the costs of treatments and diagnoses, patient quality of life, and risks to individual privacy, three critical questions arise:
- How can policies ensure that the integration of electronic health records (EHRs) is cost-effective without compromising patient care or privacy?
- What measures can be taken to mitigate the moral hazard and adverse selection in health insurance, while maintaining affordable access to necessary treatments?
- How can regulations, such as those introduced by the Patient Protection and Affordable Care Act (ACA or Obamacare), effectively control healthcare costs without limiting the availability and quality of patient care?
Addressing these questions is vital for creating policies that strike a balance between economic and ethical considerations in healthcare.