Republicans Finally Outline a Healthcare Alternative

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Republicans Finally Outline a Healthcare Alternative

 Recently both Scott Walker and Marco Rubio endorsed plans to repeal the ACA and finally proposed a healthcare alternative. Both suggested using age-rated, advance-refundable tax credits to help people buy health insurance and would allow them to shop for insurance across state lines. They also both endorsed high-risk pools for people with pre-existing conditions and plan to increase health savings accounts. Walker's plan would add a $1,000 refundable tax credit for anyone who opens one. 

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AMA Helping Physicians Navigate Implementation of MACRA

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AMA Helping Physicians Navigate Implementation of MACRA

The Medicare Access and CHIP Reauthorization Act (MACRA) eliminated the sustainable growth rate (SGR) formula. MACRA has a variety of provisions physicians should know as well as many implications for the future of Medicare. MACRA will change payments and penalties for physicians in fee-for-service practice by aligning quality reporting programs into one merit-based incentive payment system (MIPS).

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Healthcare Costs will Reach $5.4 Trillion within 10 Years According to CMS

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Healthcare Costs will Reach $5.4 Trillion within 10 Years According to CMS

Healthcare expenditures are expected to grow at a slower rate than in the past, but it’s expected that the healthcare growth rate will run higher than the growth of the GDP. According to the CMS, it is projected that healthcare expenditures will grow at an average rate of 5.8% over the next decade, to reach a maximum of $5.4 trillion in 2024. Meanwhile, the GDP will grow at an average rate of 4.7%. Nonetheless, the growth rate for healthcare is still lower than in the years prior to the recession, which was an average rate of 9% a year. 

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