Value-Based Care Bending Cost Curve and Gaining Momentum

Read the original article from LeadingAge.

Article Summary

November 1, 2023

The Health Care Payment Learning Action Network (HCP-LAN) convened its annual daylong summit on October 30, joined by providers, payers and government staff to discuss how the health care system is progressing toward adoption of accountable care. Some reflected on the recent report that annual Medicare spending per beneficiary is $10,000 less than projected ($3.9 trillion total below projections), as noted in a recent New York Times article. Over the past decade, average spend per Medicare beneficiary has remained relatively even and some at the Summit claimed it is evidence that moves away from Medicare FFS toward value-based care are achieving the desired goals.