Summary of regulatory developments: Updates for March 2021
UK life insurance: Summary of regulatory developments for March
This article summarizes the proposals released December 18, 2015, by the Senate Finance Committee. The proposals, if adopted, would have a wide-ranging impact on traditional Medicare, Medicare Advantage (MA), and Medicare accountable care organizations (ACOs) through changes to covered services, reimbursement structures, care delivery, and other changes. Affected stakeholders need to be aware of these potential changes. The committee is soliciting comments by January 26, 2016, at firstname.lastname@example.org. Stakeholders should read the Senate document in its entirety if there are particular policy options of interest to them.
On May 15, 2015, the U.S. Senate Committee on Finance announced the formation of a bipartisan chronic care working group (working group) to analyze current law, discuss alternative policy options, and develop bipartisan legislative solutions to improve chronic illness care. Interested stakeholders were invited to submit ideas to improve care for Medicare recipients with chronic conditions. The working group outlined three major goals that each proposed policy should strive to achieve within the framework that “any future legislation must realize savings or be budget neutral”:
1. The proposed policy increases care coordination among individual providers across care settings who are treating individuals living with chronic diseases;
2. The proposed policy streamlines Medicare’s current payment systems to incentivize the appropriate level of care for beneficiaries living with chronic diseases; and
3. The proposed policy facilitates the delivery of high-quality care, improves care transitions, produces stronger patient outcomes, increases program efficiency, and contributes to an overall effort that will reduce the growth in Medicare spending.
Of the hundreds of ideas submitted, the working group announced on December 18, 2015, the 24 policy options it will be further investigating.
The proposals from the working group are outlined below.
Receiving high-quality care in the home
Advancing team-based care
Expanding innovation and technology
Identifying the chronically ill population and ways to improve quality
Empowering individuals and caregivers in care delivery
The above proposals, if adopted, would have a wide-ranging impact on traditional Medicare, Medicare Advantage, and Medicare ACO stakeholders through changes to covered services, reimbursement structures, care delivery, and other changes. Because these policies are under consideration, the working group is requesting feedback and comments through January 26, 2016, at email@example.com. The submission process is detailed in the full release document.
Senate Finance Committee outlines policy options that affect traditional Medicare, Medicare Advantage, and ACOs
This article summarizes the proposals, released December 18, 2015, by the Senate Finance Committee that, if adopted, would have a wide-ranging impact on traditional Medicare, Medicare Advantage, and Medicare accountable organizations.