Another day, another way to try to save some money on Medicare.
The Obama administration announced Monday a massive pilot program to test a new method of paying primary care physicians for treating Medicare patients. It’s one of a number of initiatives the administration has launched in a broad effort to move Medicare away from the traditional fee-for-service payment model.
The five year pilot will include 20,000 doctors who voluntarily sign up to participate. Half of them will receive about $15 a month for each Medicare patient they oversee, along with a fee for every service they provide. The other half will receive a monthly payment nearly twice as large but will receive smaller fees for services.
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