Hospitals Withdraw From Key Obamacare Cost Savings Plan
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Nine of 32 hospitals and health systems dropped out of a U.S. pilot program created through the Affordable Care Act to reduce medical costs by moving away from a traditional fee-for-services model, the government said.
The costs of caring for those enrolled in the “Pioneer” program increased 0.3 percent in 2012, less than half the rate of other beneficiaries in Medicare, the Centers for Medicare and Medicaid Services said today in a statement. Medicare, the U.S. health plan for the elderly and disabled, saved $33 million for the 669,000 beneficiaries in the pilot group, the agency said.