The Many Attempts to Improve the Value of Medicare

The video discusses Medicare's transition to value-based payments, aiming to improve healthcare quality and reduce costs. It examines various programs like the Hospital Readmissions Reduction Program and the Hospital Value-Based Purchasing Program, highlighting mixed results in improving healthcare outcomes. Success is noted in bundled payments and accountable care organizations, which show potential in reducing spending without compromising quality. Overall, while progress is modest, small successes are crucial for future improvements.

What is the significance of bundled payments in Medicare's approach to value-based care?

In what ways have accountable care organizations shown success in reducing healthcare spending?