Medicare Flashcards
How many new Medicare patients per day?
7,000 new patients per day
How many Medicare in Alabama and how many in US?
1 million in Alabama
50 million in US
What % of federal budget is medicare?
16%
What % of Medicare dollars spent on hospitals?
What % on doctors?
28% hospitals
24% on physicians
How much was spent on Medicare in 2012?
536 billion in 2012
70% ab
20% c
10%d
10% of Medicare patients account for_______% of spending.
60%
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?
18% GDP
2.9 trillion.
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 Bundled payments Reduce Readmits Transition clinics Medical home Mobile healthcare Telemedicine Alternate providers
What is the king vs but well case?
Supreme Court decide if federal subsidies legal
37 states
7.5 million people affected