“Healthcare is taking up an increasing share of the U.S. economy, and by 2026 the CMS Office of the Actuary projects that one in every five dollars spent in America will be spent on healthcare. As costs are increasing, we must make the healthcare system more efficient. Significant advancements in biomedicine are changing healthcare delivery for the better, and new technologies can increase efficiency in healthcare by promoting cost-effective care and improving outcomes. Therefore, CMS is focused on encouraging innovation. We must ensure that our beneficiaries have access to the latest medical technologies in order to both improve the quality of care and lower costs.”
“We are announcing a revision of Medicare’s local coverage determination process…”
“As part of our Patients Over Paperwork initiative, we have asked for feedback on which Medicare regulations may be duplicative, outdated or otherwise overly burdensome. Patients Over Paperwork is CMS’s effort under President Trump’s directive to “cut the red tape.”
“One area in which we have received extensive feedback concerns Medicare’s coverage and payment policies for innovative therapies and devices…” Read the full post here.
Source: Modernizing Medicare to Take Advantage of the Latest Technologies – By Seema Verma, October 15, 2018. HITECH Answers.
