Austin Frakt in a recent article published in the New York Times looks at the progress of value-based payments following the passage of the Affordable Care Act.
While Medicare has achieved its 90 percent value-based goal, Frakt writes, the issue is not so straightforward.
“It doesn’t mean that the vast majority of the care Medicare purchases is linked to actual value,” Wagner School of Public Service’s Sherry Glied tells Frakt. “We don’t even know what we mean by value. How do you pay for something when you don’t know what it is?”
To read the full article, click here.