By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Health Works CollectiveHealth Works CollectiveHealth Works Collective
  • Health
    • Mental Health
    Health
    Healthcare organizations are operating on slimmer profit margins than ever. One report in August showed that they are even lower than the beginning of the…
    Show More
    Top News
    improving patient experience
    6 Ways to Improve Patient Satisfaction Within Hospitals
    December 1, 2021
    degree for healthcare job
    What Are The Health Benefits Of Having A Degree?
    March 9, 2022
    custom software development is changing healthcare
    Digital Customer Journey Mapping and its Importance for Healthcare
    July 21, 2022
    Latest News
    Grounded Healing: A Natural Ally for Sustainable Healthcare Systems
    May 16, 2025
    Learn how to Renew your Medical Card in West Virginia
    May 16, 2025
    Choosing the Right Supplement Manufacturer for Your Brand
    May 1, 2025
    Engineering Temporary Hospitals for Extreme Weather
    April 24, 2025
  • Policy and Law
    • Global Healthcare
    • Medical Ethics
    Policy and Law
    Get the latest updates about Insurance policies and Laws in the Healthcare industry for different geographical locations.
    Show More
    Top News
    Can Thinking Younger Make You Live Longer?
    April 20, 2011
    Image
    Obesity’s Outlook Unchanged
    June 13, 2011
    When It’s An Emergency Elderly Not Treated As Well in Hospitals
    July 16, 2011
    Latest News
    Building Smarter Care Teams: Aligning Roles, Structure, and Clinical Expertise
    May 18, 2025
    The Critical Role of Healthcare in Personal Injury Recovery: A Comprehensive Guide for Victims
    May 14, 2025
    The Backbone of Successful Trials: Clinical Data Management
    April 28, 2025
    Advancing Your Healthcare Career through Education and Specialization
    April 16, 2025
  • Medical Innovations
  • News
  • Wellness
  • Tech
Search
© 2023 HealthWorks Collective. All Rights Reserved.
Reading: Medicare Essential Plan Worth Considering
Share
Notification Show More
Font ResizerAa
Health Works CollectiveHealth Works Collective
Font ResizerAa
Search
Follow US
  • About
  • Contact
  • Privacy
© 2023 HealthWorks Collective. All Rights Reserved.
Health Works Collective > Policy & Law > Health Reform > Medicare Essential Plan Worth Considering
Health ReformPolicy & LawPublic Health

Medicare Essential Plan Worth Considering

Liz Seegert
Last updated: May 11, 2013 8:00 am
Liz Seegert
Share
3 Min Read
SHARE

A proposed “Medicare Essential” plan that bundles all parts of Medicare services – hospital, clinician, prescription drug, and commonly purchased supplemental coverage – could save the system $180 billion over the next 10 years while improving care for recipients. 

A proposed “Medicare Essential” plan that bundles all parts of Medicare services – hospital, clinician, prescription drug, and commonly purchased supplemental coverage – could save the system $180 billion over the next 10 years while improving care for recipients. 

According to a new report from the Commonwealth Fund and Johns Hopkins Bloomberg School of Public Health, beneficiaries could save $63 billion in direct costs through 2023, with anywhere from 17 to 40 percent lower out-of-pocket expenses than recipients currently lay out. Other savings would come through simplified administrative costs, additional value-based health care decisions, and shifting beneficiaries into patient-centered medical homes and accountable care organizations that meet high standards for care coordination and management of high-risk, high-cost conditions.

 The findings are summarized in the May 2013 issue of Health Affairs. 

More Read

Obama Signs Law to Regulate HIT – Someday
Chronic Disease Prevention Remains Top Priority
Patient Centered Medical Homes: What it Takes for PCMH Accreditation
Blue Zones – Can Studying Centenarians Teach Us About Wellness?
American Medical Association Putting $10M Up to Encourage Innovation in #Meded Curriculum
ACA

photo: Alex Proimos, creative commons lic.

The proposed plan would include a comprehensive set of benefits that includes medications and lower deductibles. According to the report, beneficiaries gain better financial protection, a limit on out-of-pocket spending, and the opportunity for additional savings in premiums, co-pays and out-of-pocket expenses for those who select high-value health care providers and hospitals that are able to provide quality care while keeping costs down. 

Additional enhancements like patient-centered medical homes, stronger support for people with multiple chronic conditions, and help with care coordination among providers would also be available through the lower-cost plans. Since benefits are financed through premiums, the Medicare Essentials would not add to the Federal budget deficit.   

Premiums would be substantially lower than current Medigap and drug coverage payments. The savings come partly from lower administrative costs compared to supplemental coverage purchased in the private insurance market, where administrative costs range from 10 percent to 20 percent, compared to 2 percent for traditional Medicare. That would make total Medicare costs (premiums and cost-shating) lower for beneficiaries and for private employers that opt to purchase this coverage for retirees.

Let’s see: comprehensive benefits, lower premiums, cost-savings, value-added extras, self-funding. This is a plan that deserves serious consideration.

TAGGED:MedicarePCMH
Share This Article
Facebook Copy Link Print
Share

Stay Connected

1.5kFollowersLike
4.5kFollowersFollow
2.8kFollowersPin
136kSubscribersSubscribe

Latest News

Clinical Expertise
Building Smarter Care Teams: Aligning Roles, Structure, and Clinical Expertise
Health care
May 18, 2025
Grounded Healing: A Natural Ally for Sustainable Healthcare Systems
Grounded Healing: A Natural Ally for Sustainable Healthcare Systems
Health
May 15, 2025
Learn how to Renew your Medical Card in West Virginia
Learn how to Renew your Medical Card in West Virginia
Health
May 15, 2025
Dr. Klaus Rentrop Shares Acute Myocardial Infarction heart treatment
Dr. Klaus Rentrop Shares Acute Myocardial Infarction
Cardiology
May 13, 2025

You Might also Like

report workplace accidents
NewsPolicy & Law

Reporting Workplace Accidents to Keep Employees Healthy & Safe

May 20, 2024

Screening Task Force Makes Recommendation on Obesity

June 27, 2012

House Dems Attempt to Address Contraception Issue on Their Terms

February 23, 2012

Obama and Budget Director Certain on Most Facets of ’12 Budget (Just Don’t Ask About Medicare & Medicaid)

February 17, 2011
Subscribe
Subscribe to our newsletter to get our newest articles instantly!
Follow US
© 2008-2025 HealthWorks Collective. All Rights Reserved.
  • About
  • Contact
  • Privacy
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?