the $739 million CMS saved amounts to about $73 in savings per beneficiary, which doesn’t add up to much when considered in light of overall Medicare spending. (Photo: Shutterstock)

The Centers for Medicare and Medicaid saved a whopping $739 million last year, the second year in a row that it’s turned a profit, from the Medicare Shared Savings Program.

As reported by Modern Healthcare, more accountable care organizations took on downside risk last year, which brought in greater savings than in 2017—when CMS saved $314 million.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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