Medicare Payment Advisory Commission Discusses Growth in Medicare Spending

This week, the Medicare Payment Advisory Commission (MedPAC) met to discuss Medicare issues, including spending trends. Staff presented research on trends in Medicare spending that show rising costs and evidence of inefficient spending in the program. The commission identified approaches to address these challenges, which include: increased payment accuracy and efficiency, quality and coordination of care, cost information for beneficiaries and providers, and engaged beneficiaries. With rising spending in the Medicare program, commissioners will focus on quality of care, cost, and effectiveness when making recommendations to Congress in their next report.