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Tag: West Virginia

Bundled Payments Could Cut Medicare Fraud, Experts Say

Health and policy experts are pushing for a system that pays doctors a lump sum for medical care or allows them to share in savings, saying it will save millions of dollars over current fee-for-service payments that can lead to fraud and over-use of medications.  In the new system, doctors would not be entitled to extra pay should they prescribe costlier medication.

Earlier this month, Sen. Elizabeth Warren, D-Mass., raised the issue of lump sum – or “bundled” – payment plans at a hearing for the nomination of Sylvia Mathews Burwell to become secretary of Health and Human Services. A bundled payment demonstration project at Bay State Health in Massachusetts saved $2,000 per Medicare patient for things like hip transplants, she said.

Read full article here.

Contact Steven Cosby with questions or to request more information and to schedule a healthcare plan evaluation, savings analysis or group plan solution for your company.

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A Simple Visualization of Why it Stinks to be Uninsured

One major difference between being insured and uninsured is easy to see in new graphs from a government report. When compared to those without insurance, working-age adults with insurance are far less likely to go without prescription drugs because they can’t afford them, according to the National Center for Health Statistics.  You can also see in this chart how people struggle to afford insurance as their incomes approach and fall below the federal poverty line. Over the last decade, as you can see in the chart to the left, those without insurance were about four times as likely to skip a needed prescription drug.

Read full article here.

Contact Steven Cosby with questions or to request more information and to schedule a healthcare plan evaluation, savings analysis or group plan solution for your company.

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