Medicare health reform refers to the changes in Medicare brought about by the Patient Protection and Affordable Care Act of 2010, according to Horizon Blue Cross Blue Shield of New Jersey. Since their introduction in 2010, these reforms represent large-scale changes that make health care more accessible and affordable to Americans.Continue Reading
Significant Medicare reforms include cheaper coverage of preventive procedures such as colonoscopies, diabetes screenings, mammograms and specific cancer screenings, without a significant co-payment, explains Medicare. Some preventive services and annual wellness checks are covered at no cost. In 2015, branded prescription drugs under Medicare Part D are eligible for a discount of 55 percent until 2020, when the co-payment drops to 25 percent.
A significant administrative impact of Medicare health reforms is the lengthened tenure of the Medicare Trust Fund, the fund used to sustain the Medicare program. The Affordable Care Act is expected to extend the life of this fund by 12 years, reduce wastage and lower patient spending, according to Medicare. Other important health reforms to Medicare include the implementation of incentives to provide quality health care, fostering better communication between physicians and health care providers, and reducing health care fraud in Medicare and the Children’s Health Insurance Program, reports Horizon Blue Cross Blue Shield of New Jersey.Learn more about Health Insurance