Medicare is a federal health insurance program that primarily provides health insurance for Americans aged 65 and older. Establish in 1965, the program expanded in 1972 to cover younger Americans who have a long term disability. Medicare consists of four different parts: Part A covers inpatient hospital stays, Part B covers physician visits, outpatient services and preventative care, Part C covers the Medicare Advantage program, and Part 4 covers outpatient prescription drugs through contracted plans. Medicare reimbursement rates often play a role in the reimbursement rates that private healthcare plans offer.
The Center for Medicare and Medicaid Innovation consistently works with policymakers, providers and other key stakeholders to construct and test alternative payment and delivery models. Medicare has tested a variety of new models, most of which focus on shifting the emphasis to quality care and provide incentives for hospitals and providers to lower spending and decrease cost to patients, while providing higher quality care.
Title | Source | Date |
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Senate’s Chronic Care Working Group Circulates Draft Bill | The Morning Consult | October 27, 2016 |
Provider Payment Reform: Right Course, Wrong Students? | The Milbank Memorial Fund | September 24, 2018 |
New Report Outlines Success of PCMH Model in Variety of Public, Private Demonstrations | AAFP News | September 6, 2012 |
Colorado is partnering with Medicare to pay doctors based on whether they can keep patients healthy. But will it work?:The federal plan is being rolled out in four states, and, if successful, could become a national model | Denver Post | February 27, 2022 |
CMS: We will lean on private sector to address costs, disparities | January 11, 2022 |