The Center for Medicare and Medicaid Innovation was established by the ACA in 2010. The program develops and implements value-based payment models for Medicare and Medicaid.
The CBO’s report, published Sept. 28, found that from 2011 to 2020, the CMMI increased federal spending by $5.4 billion, around 0.1 of net Medicare spending. According to the report, the center spent $7.9 billion to operate new models, and saved $2.6 billion from these models.
The CBO estimated the innovation center will increase federal spending by $1.3 billion from 2021 to 2030.
At the Becker's 5th Annual Fall Payer Issues Roundtable, taking place November 17–19 in Chicago, payer executives and healthcare leaders will come together to discuss value-based care, regulatory changes, cost management strategies and innovations shaping the future of payer-provider collaboration. Apply for complimentary registration now.
