MedPAC releases June 2020 report

Washington Connection - JuneĀ 18, 2020

Medicare Payment Policies

Quality Payment Program

June 18, 2020: MedPAC, an independent board that advises Congress on how to improve Medicare, released its biannual report this week. The report focuses primarily on strategies to accelerate the move away from fee-for-service and toward a value-based payment system that offers incentives to providers to control costs while maintaining quality. Accountable care organizations (ACOs) and Medicare Advantage plans could serve as vehicles to speed up payment reform, the report states, if existing structures are improved upon. MedPAC acknowledged ACO savings are greater than other models Medicare has tested but suggested technical changes to ACOs to increase potential savings. MGMA agrees with the MedPAC recommendation that the federal government should do more to support group practices in the move toward value-based payment.
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