COVID-19 boosting Medicare spending

The National Association of Accountable Care Organizations released a new analysis showing the COVID-19 outbreak will potentially boost Medicare spending over the next year from $38.5 billion to $115.4 billion, which would lead to major losses for ACOs in models that take on financial risk. The analysis also found the COVID-19 outbreak will cause a major burden on Medicare Advantage plans.  CMS did announce regulatory relief for ACOs and other value-based care programs, including extending deadlines and not using any quality data on services performed from Jan 1 through June 30 in the calculations for quality reporting and value-based purchasing programs. Read article here…

Notice: The link provided above connects readers to the full content of the posted article. The URL (internet address) for this link is valid on the posted date; medicarereport.org cannot guarantee the duration of the link’s validity. Also, the opinions expressed in these postings are the viewpoints of the original source and are not explicitly endorsed by AMAC, Inc.; the AMAC Foundation, Inc.; or medicarereport.org.