Centrally planned healthcare never produces the results its advocates expect. Rather than continuing to throw good money after bad, policymakers should wind down the CMMI and empower patients, providers, and private insurers to discover payment models that reduce costs while improving care.
Passed as part of the Affordable Care Act (ACA), the Center for Medicare & Medicaid Innovation (CMMI) was allocated $10 billion in 2011 for the first decade of its existence. It has been allocated hundreds of millions more since. The purpose of the program is to create payment models that reduce spending and/or improve the quality of care for patients enrolled in Medicare, Medicaid, and the Children’s Health Insurance Program (CHIP).
You would hope that having spent so much money that the CMMI would have developed meaningful reforms that justify all this money spent. Such hopes have been dashed unfortunately. Judged against its achievements not its purpose, CMMI is a failure.
Nothing contained in this blog is to be construed as necessarily reflecting the views of the Pacific Research Institute or as an attempt to thwart or aid the passage of any legislation.
Private Efforts Not Public Committees Will Generate Healthcare Savings
Wayne H Winegarden
Centrally planned healthcare never produces the results its advocates expect. Rather than continuing to throw good money after bad, policymakers should wind down the CMMI and empower patients, providers, and private insurers to discover payment models that reduce costs while improving care.
Passed as part of the Affordable Care Act (ACA), the Center for Medicare & Medicaid Innovation (CMMI) was allocated $10 billion in 2011 for the first decade of its existence. It has been allocated hundreds of millions more since. The purpose of the program is to create payment models that reduce spending and/or improve the quality of care for patients enrolled in Medicare, Medicaid, and the Children’s Health Insurance Program (CHIP).
You would hope that having spent so much money that the CMMI would have developed meaningful reforms that justify all this money spent. Such hopes have been dashed unfortunately. Judged against its achievements not its purpose, CMMI is a failure.
Read more in Forbes.
Nothing contained in this blog is to be construed as necessarily reflecting the views of the Pacific Research Institute or as an attempt to thwart or aid the passage of any legislation.