On October 27, 2023, Brian Blase and Joe Albanese submitted a letter to Michael Chernew of MedPAC discussing policies to alter or eliminate financial incentives for advanced alternative payment model (APM) participation.
From the letter:
“Medicare’s framework for value-based care is deeply flawed and should be revisited. It does not seem that the current APM bonuses encourage higher quality and less costly care in Medicare. Furthermore, the track record of Medicare APMs has been worse than expected. The current evidence does not justify subsidizing advanced APM participation.”