U.S. govt unveils goal to move Medicare away from fee-for-service

January 26, 2015 5:32 PM

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WASHINGTON Jan 26 (Reuters) - The Obama administration on Monday unveiled an ambitious plan to control health costs by moving the $2.9 trillion U.S. health systems away from costly fee-for-service medicine, beginning with the Medicare program for the elderly and disabled.

By the end of 2018, Health and Human Services Secretary Sylvia Burwell told reporters that 50 percent of traditional Medicare's $362 billion in annual payments would go to doctors, hospitals and other providers that participate in alternative payment models which emphasize cost containment and quali...

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