The Obama administration and CMS have issued a report outlining more than $120 billion in Medicare savings from healthcare reform through 2015.
The report outlines the following savings:
• Reforming provider payments and rewarding quality and efficiency — $55 billion.
• Investing in patient safety and reducing hospital readmission and hospital-acquired infections — $10 billion (through 2013).
• Cracking down on fraud and abuse in the Medicare system — $1.8 billion.
• Getting the best value for Medicare beneficiaries and taxpayers for durable medical equipment — $2.9 billion (or $17 billion over 10 years).
• Reducing excessive Medicare payments to insurance companies — $50 billion.
Read the full report on Medicare savings through healthcare reform provisions (pdf).
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