A report from the University of Pennsylvania’s Leonard Davis Institute of Health Economics discusses the coming changes aimed at reducing Medicare costs while maintaining or improving the quality of healthcare. Experts call for a new strategy as the transition to a value-based system over a fee-for-service system has been slow and cumbersome. In addition, providers may soon play a larger role in addressing health equity outcomes.
“The high costs of care with the impending insolvency of the Medicare trust fund, persistence of poor quality of care and health disparities along racial and socioeconomic lines and mixed success of alternative payment models indicate the need for a revamped vision for the 2020s.” Read more here.
(Source: Michael Brady, Modern Healthcare, 2/17/21)