Hill October 10, 2017
One of health care policy’s current parlor games is over: The Trump administration will move forward with federal support for value-based payment for health care services.
In a recent op-ed in the Wall Street Journal, Seema Verma, administrator of the Centers for Medicare & Medicaid Services (CMS), expressed strong support for value-based payment, including the powerful testing laboratory that is the Center for Medicare & Medicaid Innovation (CMMI).
This is welcome news and a notable development. Here’s why. Like most health insurers, Medicare pays for most medical services without regard for outcomes, the so-called fee-for-service system. By contrast, value-based payment aligns payments with the desired outcomes of better health, better care and lower costs.
Uncertainty has existed around whether value-based...
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