Medicare Spend Increases on Opioids and Antibiotics While Low-Value Care Spending Decreases
A new study by the RAND Corporation found that low-value care spending dropped from 2014 to 2018 for Medicare recipients.
By: Catie Hillard
February 17, 2021 – A new study by the RAND Corporation found that low-value care spending dropped from 2014 to 2018 for Medicare recipients. They also found that two of the three services that make up low-value care spending, increased. Spending on antibiotics and opioid prescriptions increased, which highlights several ways to reduce wasteful healthcare spending.
The study found that 2/3 of low-value care spending went to preoperative lab testing, antibiotics for upper respiratory infections, and opioids for back pain. This suggests that policymakers should educate physicians and patients on the issues that low-value services like this present, while also pushing payment reforms like capitation that promote VBP.
The VBP Blog is a comprehensive resource for all things related to value-based payments. We provide up to date news, informative webinars, and relevant blogs in the VBP sphere to help your organization find success.
Get even more VBP insights on LinkedIn & Twitter
Subscribe here to receive the blogs straight to your inbox
More Trending Topics:
Learn about North Carolina’s significant step in healthcare as it joins the Medicaid Expansion program, offering comprehensive coverage to 600,000 citizens.
Uncover how state-specific Medicaid policies impact the access to and outcomes of Long-Term Services and Supports (LTSS) policies.
Uncover how states vary when it comes to their Long-Term Services and Supports (LTSS) landscape, affecting quality, access, and innovation in home care services.
Discover how Humana’s Medicare Advantage value-based care plans are enhancing health outcomes and generating significant cost savings in healthcare.
Explore CMS’s new proposals to regulate agent compensation in Medicare Advantage and improve access to behavioral healthcare, aiming for a more equitable healthcare environment.
Explore the detailed implications of the CMS’s 2024 home health payment rule and its effects on home health agencies and patient care. Understand the critical role of home health care in ensuring patient independence and health outcomes.