Alternative payment models and the slowdown in federal health care spending: testimony before the Committee on the Budget, United States Senate

Alternative payment models and the slowdown in federal health care spending: testimony before the Committee on the Budget, United States Senate

Collection:
Health Policy and Services Research
Author(s):
Cohen, Michael, (Of Congressional Budget Office), author
White, Chapin, author
Contributor(s):
United States. Congressional Budget Office, issuing body.
United States. Congress. Senate. Committee on the Budget, addressee.
Publication:
[Washington, D.C.] : Congressional Budget Office, October 18, 2023
Language(s):
English
Format:
Text
Subject(s):
Accountable Care Organizations
Federal Government
Health Expenditures -- trends
Reimbursement Mechanisms
United States
Genre(s):
Technical Report
Abstract:
Because ACOs voluntarily assume responsibility for the quality and costs of care for a defined group of patients, they have the potential to reduce unnecessary care, improve care coordination and patients’ health, and reduce spending. Health care providers participating in ACOs or other value-based payment arrangements receive financial incentives to improve the efficiency and quality of care. Such incentives contrast with those found in Medicare’s fee-for-service program, in which separate payments are generally made for each encounter or service delivered. Reimbursing on a fee-for-service basis tends to create incentives for providers to deliver additional and more-complex services, potentially contributing to the high costs and uneven quality of health care. CMMI’s goal is to identify approaches that reduce spending or improve the quality of care. To do so, it operates models that test new ways to deliver and pay for health care, including models that establish value-based payment arrangements with providers.
Copyright:
The National Library of Medicine believes this item to be in the public domain. (More information)
Extent:
1 online resource (1 PDF file (2 pages))
NLM Unique ID:
9918733583406676 (See catalog record)
Permanent Link:
http://resource.nlm.nih.gov/9918733583406676