According to the report, Secretary of Public Welfare Gary Alexander said if the state saves money on a medical procedure with a Medicaid beneficiary, it would give the beneficiary money as a reward, up to $200 in some cases.
Pennsylvania’s Medicaid program costs $30 billion, and the incentive strategy has not been tried by other states. It has not been determined if the state would need approval from the federal government.
Related Articles on Medicaid:
Kansas Lt. Governor: State Medicaid Program Faces Bleak Future
President Obama’s Debt Reduction Proposal Includes $320B in Healthcare Savings
Nevada Medicaid Gets $3.5M Grant to Reward Patients in Disease Prevention Programs
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit