The ACO Reach program saw significant growth in savings for 2023, with participants generating $1.64 billion in gross savings and $694.6 million in net savings for CMS. Nearly 75% of ACOs achieved positive savings, prompting NAACOS to advocate for the program's extension beyond 2026, highlighting its success in improving care quality and affordability. High-needs and new entrant ACOs outperformed standard ACOs, contributing to the overall positive results.
The Centers for Medicare and Medicaid Services has finalized a 2.8% payment cut for physicians in the 2025 Medicare Physician Fee Schedule, prompting swift protests from medical groups. They argue that this cut, alongside rising costs, threatens patient care and physician practices, calling for immediate legislative action to avert the reduction. A bipartisan bill aims to eliminate the cut and provide a 4.7% payment update, but time is running out for Congress to act before the cuts take effect on January 1, 2025.
The Centers for Medicare and Medicaid Services (CMS) has finalized a 2.9% cut to physician payments for 2025, despite widespread opposition from industry groups. This decision exacerbates financial pressures on medical practices, particularly in rural areas, as costs continue to rise. Advocates are urging Congress to implement permanent reforms to stabilize Medicare payments and ensure access to primary care.
In 2023, Accountable Care Organizations (ACOs) saved Medicare $2.1 billion, marking the largest annual savings in the program's history. This achievement follows a $1.8 billion savings in 2022 and highlights the critical role of primary care in enhancing quality measures and reducing costs for nearly 11 million beneficiaries. With 480 ACOs participating, 453 achieved shared savings, and CMS is proposing a new prepaid shared savings option to further support beneficiaries.
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