Healthcare Gets a Closer Look
Patients are becoming more educated as consumers when it comes to choosing health care. With the new performance-based funding required by the Affordable Care Act, CMS in October will start making 1 percent Medicare cuts to hospital reimbursements based on how they are performing. Those cuts will increase to 2 percent by 2017. Hospitals, however, will have the chance to earn back the funding cuts if they are performing well.