Monday, May 16, 2011

Patient Protection & Affordable Care Act could save as much as $120 billion in five years

With improving efficiency, the Department of Health and Human Services says that at least $120 billion can be saved over the next five years with teh Patient Protection and Affordable Care Act.  Through altering payments to caregivers by setting benchmarks for the quality and efficiency and linking them to payments, Health and Human Services is looking to save $55 billion.  Other forms of savings through this act include curbing excessive payments to Medicare Advantage Providers and saving money through patient safety programs.  Read the full story at Feirce Healthcare here.

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