Some hospitals will start accepting Medicare payments in 2018.
This is due to the passage of legislation that will provide an $8.7 billion payment to help cover the costs of providing health care to the uninsured.
According to the American Hospital Association, this will allow hospitals to provide the same level of care for uninsured patients as they do for Medicaid enrollees.
In fact, hospitals will be able to provide services for up to 8.7 million more Americans than they can currently, and the increase in Medicaid enrollee numbers will help offset the cost of providing care.
If your hospital is accepting Medicare, you’ll need to know which hospitals accept Medicare.
The AMA estimates that approximately 90% of hospitals in the United States will start taking Medicare payments starting in 2018, and more than 70% of the hospitals will begin accepting Medicare by 2021.
As part of the Medicare transition, the Department of Health and Human Services (HHS) has been providing financial incentives to hospitals to accept Medicare by encouraging them to increase their Medicare payment rate and increase their participation in Medicare Advantage plans.
This will help hospitals meet the rising demand for health care services that has come to be seen as a primary driver of Medicare’s budget challenges.
The Medicare transition also provides an opportunity to strengthen the delivery of care in the face of the unprecedented cost increases that have come with Medicare Part D. Medicare Part A, which covers most hospital outpatient services, has seen a 5% decrease in the number of visits since 2013.
In addition, the average cost per patient for Medicare Part B services has decreased from $3,964 in 2013 to $2,851 in 2017.
As of January 1, 2019, there are 4.6 million Part A Medicare Part C enrollees and 5.1 million Part B Medicare Part E enrollees, according to the Centers for Medicare and Medicaid Services (CMS).
Additionally, CMS is currently implementing an enhanced program for the provision of specialty care services for Medicare Advantage enrollees in which hospitals are encouraged to accept a Medicare Advantage payment rate of at least 5% (Medicare Advantage patients can also use the government-funded Medicare Advantage Plan for Health Services as a way to reduce costs and save money).
This enhanced program will help ensure that Medicare Advantage patients have access to the same quality care they receive from their primary care providers.
This payment rate will be phased in over time, so it is important that you check with your hospital to see if it is accepting the Medicare payment.
To find your hospital’s Medicare payment rates, visit their website.
You may also be interested in: How to pay for your health care costs and plan.