Posted on Sunday, February 3, 2019 6:15 PM
On January 29th, Administrator Verma addresses the CMS Quality Conference addressing all the initiatives that they have in the pipeline.
All the initiatives focus on implementing a vision to transform the healthcare system into one that delivers better value to patients through competition and innovation. To achieve this, CMS will focus on three main objectives: empowering patients, focusing on results, and unleashing innovation.
“These objectives will be effective because they rely more on the efficiencies and innovation of the private market rather than bureaucrats in DC. We are prioritizing a well-informed, empowered consumer rather than a government agency to make our health care decisions. We are repositioning the government’s role from one prescribing processes through heavy regulation to one focused on safeguarding outcomes and taxpayers’ dollars.
This vision is a stark contrast to the problems we faced just two years ago.
When I assumed this post in 2017, I inherited a crisis in the individual market. Regardless of whether you supported the ACA or not, it is a fact that premiums have more than doubled in states using the federal Exchange since its implementation.
Last year, in over half the counties in America, consumers only had access to one insurer. And where there is a monopoly, rates go up as high as 50 percent.”
Click here to read the full speech.
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