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Why-Orthopedic-Surgery-for-Elderly-Indicates-that-the-Maryland-Total-Cost-of-Care-Model-should-be-Universally-Adopted.pdf
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🔗 Source: asploro.com
📊 Size: 710 KB
👤 Author: ADMIN
⬇️ Downloads: 84

Summary

The Medicare program is facing insolvency by 2026 due to increasing expenditures and a growing number of elderly beneficiaries. The current Diagnostic Related Groups (DRGs) system for reimbursing hospitals is inefficient and needs to be phased out. The Maryland Total Cost of Care Model, which sets prices for hospital services and promotes transparency and accountability, has been successful in reducing costs and improving quality of care. Implementing this model nationwide could yield significant financial savings, estimated at $227 billion by 2035 and $280 billion by 2040, from joint replacement surgeries alone. The model's success is attributed to its ability to deliver on three areas: cost reduction, health improvement, and quality of life care improvements, making it a viable solution to address the looming Medicare insolvency crisis.

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The Medicare program is facing insolvency by 2026 due to increasing expenditures and a growing number of elderly beneficiaries.

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  • File Format: PDF
  • File Size: 710 KB
  • Pages: 7
  • Language: EN
  • Author: ADMIN
  • Total Downloads: 84
  • Last Updated: 3 weeks ago

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