Center for Medicare and Medicaid Innovation Aims to Cut Healthcare Costs

The Obama administration touts it as a key solution to the nation’s runaway healthcare spending: a new national center set up by the 2010 healthcare law to test and implement groundbreaking ways to cut costs while improving patient care.

On Thursday, a little more than 14 months after the center opened, officials will release a report summarizing its progress: 16 recent initiatives, funded with more than $1.7 billion in federal money, that will involve more than 50,000 providers over the next 5 years.

The Center for Medicare and Medicaid Innovation is technically limited to experimenting with payment incentives and methods of delivering care within Medicare and Medicaid, as well as the Children’s Health Insurance Program (CHIP). But its director, Richard Gilfillan, said he will work with providers who also see a large share of private patients, to ensure that the models tested are effective for those populations as well.

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Source: The Washington Post