Flashcards in Medicare Deck (13)
How many Medicare in Alabama and how many in US?
1 million in Alabama
50 million in US
How many new Medicare patients per day?
7,000 new patients per day
What % of federal budget is medicare?
What % of Medicare dollars spent on hospitals?
What % on doctors?
24% on physicians
How much was spent on Medicare in 2012?
536 billion in 2012
10% of Medicare patients account for_______% of spending.
How much do we think the spending will be in 2023 ?
1.1 trillion dollars
How many Americans are baby boomer?
75 million Americans
3 million per year next 20 years
Fastest growing sector greater than 85
In 2013what % of gdp?
How much money ?
How long is a trillion seconds in time?
How long is a trillion seconds 32000 years
Why is Medicare a problem ?
Not designed for the high costs
Or volume not suppose to live this long
Nor the high disease burden 1/2 have 2 or more chronic dx.
What do you know about RAC?
In 2013 2.23 billion
40% appealed with 70% success
We are region c
What can be done to lower cost?
Volume to value
Medicare payment reform