5. What will happen to Medicare and Medicaid?
Rep. Tom Price, R-Georgia, is Trump’s nominee for leading Health and Human Services and sat through a Senate committee hearing on Jan. 18, where he answered questions regarding Medicare and Medicaid and its future.
Trump and Price have different views when it comes to Medicare and Medicaid. Trump has adamantly said that he doesn’t want to change Medicare. Price, on the other hand, has been a long-time proponent of Medicare changes. Price, however, did assure on Thursday that repealing the Affordable Care Act wouldn’t have an immediate effect on Medicare.
Price said there are no immediate plans to change the healthcare program for seniors. “Nobody’s interested in pulling the rug out from anybody,” Price said.
What is still unclear what Trump and Price will pursue when it comes to Medicare’s shift away from its fee-for-service model to so-called value-based payments that incentivize health providers to be more efficient and effective in managing payment populations. An often overlooked part of Obamacare, the new payment models have already caused large medical device companies to make major shifts in the way they do business. Will they have to shift the way they do business again?
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