What will be the effect of health care reform on Medicare -- for all stakeholders, including seniors, the federal government and medical providers? Has Congress put Medicare on a path to financial stability?
The law cuts some payments to medical providers, lowers payments to Medicare Advantage health plans, helps seniors more with prescription drug costs, and creates a Medicare Independent Payment Advisory Board to try to keep spending growth under control. The law creates pilot projects to test different ways to pay medical providers through such methods as bundled payments and accountable care organizations.
Are the nation's Medicare problems solved?