Accountable care organizations created under the Patient Protection and Affordable Care Act are saving money already, the administration said this week.

The Centers for Medicare & Medicaid Services announced Thursday that overall savings for Medicare's ACOs exceed $380 million over the past year.

"These innovative programs are showing encouraging initial results, while providing valuable lessons as we strive to improve our nation's health care delivery system," HHS Secretary Kathleen Sebelius said in a statement.

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