As directed by President Trump’s Executive Order on Improving Price and Quality Transparency in American Healthcare, today the Department of Health and Human Services is announcing that the Centers for Medicare & Medicaid Services (CMS) is issuing two rules that take historic steps to increase price transparency to empower patients and increase competition among all hospitals, group health plans and health insurance issuers in the individual and group markets.
Thank you Lisa for that kind introduction and for convening this meeting. I know that AcademyHealth has been a leader in promoting innovation and research in healthcare. So thank you all for joining us as we focus on Fueling the Engine of Innovation by Unleashing the Power of Data.
Today, the Centers for Medicare & Medicaid Services proposed transformative changes to the payment systems for services furnished by a range of medical facilities. The agency’s proposed payment rules also set out to continue to modernize Medicare through innovation in skilled nursing facility payment.
The Centers for Medicare & Medicaid Services has launched the agency’s first Rural Health Strategy to help improve access to high quality, affordable healthcare in rural communities. The strategy is intended to provide a proactive and strategic focus on healthcare issues across rural America.
On the heels of the Rural Health Strategy released yesterday, the Centers for Medicare & Medicaid Services issued an interim final rule with comment period to increase the fee schedule rates from June 1, 2018, through December 31, 2018, for certain durable medical equipment items and services.
I am honored to work for a President who is unafraid to take bold actions to put American patients first. Americans, especially our seniors, feel the pain from skyrocketing drug prices. In our system, everyone is winning except for the patient.