This is the kind of math that requires three Harvard degrees to understand. Donald Berwick, head of the Centers for Medicare and Medicaid Services, is going to spend $10 billion on “Medicare innovation” over the next ten years…to save $1.3 billion. From the Boston Globe (h/t InsureBlog):Great, just great....Berwick is using a tool that Congress included in the new health care law: an innovation center with $10 billion to spend over the next decade in a quest for the best ways of improving care and reducing costs.
The launch of the test sites by the end of 2011 is just a first step in changing the fundamental ways the government pays physicians and hospitals. Over 10 years, the innovation center’s work is expected to save $1.3 billion on the $500 billion annual budget of the Centers for Medicare and Medicaid Services, the sprawling federal insurance bureaucracy Berwick now leads. Health care policy advocates had sought far more aggressive cost-control measures.
Monday, September 13, 2010
Donald Berwick: A Dime Spent is a Penny Saved
Via The Apothecary, Don Berwick at his pajama-gowned finest.