Premier joined 11 other national healthcare organization in urging Congress to to include in the budget reconciliation package a bipartisan House bill that will accelerate Medicare’s movement toward value-based care. In a letter sent to Senate Finance Committee Chairman Ron Wyden (D-OR) and House Ways and Means Committee Chairman Richard Neal (D-MA), the groups highlight a recent, independent analysis that found the Value in Health Care Act (H.R. 4587) would save $280 million over 10 years.
Introduced by Reps. Peter Welch (D-VT), Suzan DelBene (D- WA), Darin LaHood (R-IL) and Brad Wenstrup (R-OH), H.R. 4587 provides incentives to encourage additional providers to participate in alternative payment models (APMs). This includes extending bonuses for providers who participate in an APM an additional six years and making improvements to the Medicare Shared Savings Program, including increasing the shared savings rate and removing distinctions that place hospital-led ACOs at a disadvantage.