Get Your Checkbook Out: ObamaCare’s Main Cost-Saving Provision Fails

Well, this isn’t good…

Bloomberg is reporting a main provision of ObamaCare, the Pioneer Accountable Care Organization Model, or ACOs, has not turned out to be the cost-cutting program the administration intended. In fact, the news service even said the law’s supporters may “want to temper their rhetoric.”

“Obamacare supporters have long promised that Accountable Care Organizations—groups of hospitals and doctors that tend to large flocks of Medicare patients, with an eye toward keeping them out of the hospital—would be integral to bringing down the nation’s health-care costs. ACOs are supposed to come up with innovative ways of keeping patients in better shape by focusing on preventive measures while saving money in the process. Under the plan, the ACOs themselves are to be rewarded with the share of the savings they generate.

‘Thirty-two health care provider groups signed up for the pioneer program intended to promote the new model, but the Centers for Medicare and Medicare Services said Tuesday that only 13 of them generated enough savings to qualify for a cut. Two participants actually lost money instead.”

 

Cutting costs was one of the main reasons for passing the law, according to Washington Democrats. Over and over, they told us this government takeover of healthcare would save us money.

Now, they just can’t seem to remember that.