The great Medicare cost-control experiment begins
As part of the 2010 Obamacare law, hospitals agreed to take a 1 percent cut in reimbursements—about $850 million—which they can earn back if they do a good job. Researchers say the overall amount of money at play is too small to actually change the way hospitals behave. Based on how hospitals currently score on these metrics, most hospitals would break even; they’ll get back enough in bonuses to recover the 1 percent loss, write Dr. Rachel Werner and Dr. R. Adams Dudley in a paper published this week in the journal Health Affairs.
- How Top-Ranked MA Plans Earn Their Stars
- Readmissions: No Quick Fix to Costly Hospital Challenge
- How Hospitals Can Become 'Upstreamists'
- 4 Ways to Lower the Cost to Collect from Self-Pay Patients
- House Calls Key to Pioneer ACO Success
- How Telehealth Pays Off for Providers, Patients
- 4 Tips for Managing Employed Physicians
- WellPoint Dominates Nearly Half of Markets, AMA Says
- Defensive Medicine Still Prevalent Despite Tort Reform
- CMS Offers Some ACOs $114M for 'Upfront' Costs