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Medicare’s Role in Health-Care Payment Reform
Health and Human Services Secretary Sylvia Mathews Burwell announced a bold initiative Monday aimed at moving half of all Medicare payments away from traditional fee-for-service reimbursement by 2018 and replacing it with incentive-based payments encouraging higher quality and lower costs. The plan also establishes a network to accelerate adoption of payment reforms in the private sector. As the secretary herself suggested, accelerating payment reform is more easily said than done. Time will tell how rapidly changes are adopted, which reimbursement models work best, and payment reform’s overall impact on quality and health spending…Read More
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