The belief that health insurance and the increased use of primary care associated with it leads to fewer hospitalizations has played an important role in the recent health care reform debate.

The same money can't be spent twice. ObamaCare tries to do precisely that, and the government will have to borrow the difference.

With the new health-care plan, hospitals will be accountable for the patient health of their regional area, with no competition innovation is unlikely.

Economist Martin Gaynor will present his recent analysis of NHS reforms, and UnitedHealth Group's Simon Stevens will discuss whether and how a greater dose of competition might improve hospital care for American patients.

American hospitals have undergone substantial changes in the last quarter-century due to changes in medical technology, changes in payment policies by Medicare and other third-party payers, and new forms of competition from outpatient care and specialty hospitals. Still, the future of the hospital sector is a major issue in all...