4 reforms could save Medicare, Medicaid billions of dollars

Becker's Healthcare October 20, 2023
Nick Thomas

Medicare and Medicaid are projected to grow faster than the economy over the next decade and will therefore require initiatives to reduce expenditures without harming patients, according to an Oct. 20 Health Affairs report.

Here are four possible solutions to reduce costs proposed by experts on Medicare, including current Medicare Payment Advisory Commissioners Brian Miller, MD, and Betty Rambur, PhD, RN.

• Restructuring ambulatory payments

Pay for common ambulatory services should be the same regardless of location. So-called site neutral payments have not fully passed into congressional law but could save approximately $153 billion over a decade.

• Reforming graduate medical education funding

Medicare pays teaching hospitals an additional amount for each inpatient stay. Such payments should be...

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