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Medicare rate setter could save $2 bln by 2019-CBO
Published in Saudi Press Agency on 25 - 07 - 2009


A White House proposal to
set up an independent council to set Medicare fees and other
changes to the government health program for the elderly could
save up to $2 billion from 2016 through 2019, the Congressional
Budget Office said on Saturday, according to Reuters.
The nonpartisan CBO said, however, that the plan, if added
to a sweeping healthcare reform bill, could also easily produce
no additional savings because it lacks specific goals and
proposes no "fall-back" mechanism to ensure cost-reduction
objectives are met.
"The estimated savings of $2 billion over the latter half
of the 2010-2019 period represent a probabilistic assessment of
a range of possible outcomes," CBO director Douglas Elmendorf
wrote in a letter to House of Representatives Majority Leader
Steny Hoyer and other congressional leaders.
Elmendorf said it was unlikely an independent rate-setting
council appointed by President Barack Obama would recommend
actions that would add "substantial additional savings" to
those already anticipated under the main healthcare reform
bill.
He said the council might be weighted toward medical
providers who might not be inclined to recommend deeper cuts in
provider payments. Further savings also may be limited without
more substantial changes to the structure of payments and
incentives to medical providers -- something that would require
politically difficult legislation.
The plan also needs a fall-back mechanism to ensure that
some minimum spending cuts are achieved. That mechanism could
include an across-the-board reduction in payments if goals for
cost reduction are not met, he said.
More substantial savings could be achieved if that and
other enhancements were approved, including the setting of
specific, feasible goals and giving the president's council
clear authority to recommend broad coverage changes to
coverage, benefit design and payment systems.
Those savings could reach "several percent" of annual
Medicare spending in the years beyond 2019 -- a level that
would reduce Medicare outlays by tens of billions of dollars
annually.
"Substantial additional savings from an Independent
Medicare Advisory Council-type proposal would probably require
significant changes in coverage, benefit design, and payment
and delivery systems aimed at reducing the quantity and
intensity of services provided," Elmendorf wrote.
The federal Medicare program insures some 44 million
elderly and disabled Americans at an annual cost of about $450
billion, almost one-fifth of total U.S. healthcare spending.


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