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.
Approximately 66 percent of the 548 Medicare accountable organizations produced a total of $1.7 billion in savings in 2018; 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.
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
