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Governor Larry Hogan, Federal Government Sign Maryland Model All-Payer Contract

Wednesday, July 18, 2018   (0 Comments)
Posted by: Katherine Lally
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Governor Larry Hogan, Federal Government Sign Maryland Model All-Payer Contract

New Five-Year Contract for Innovative Healthcare Provider Payment System to Save $1 Billion, Lower Costs & Improve Quality for Consumers

ANNAPOLIS, MD– Governor Larry Hogan, together with Seema Verma, Administrator of the federal Centers for Medicare and Medicaid Services (CMS), today signed and officially enacted Maryland’s Total Cost of Care All-Payer Model, known as the “Maryland Model,” in a signing ceremony at the Maryland State House.

Governor Hogan and Administrator Verma were joined by Maryland Department of Health Secretary Robert Neall, Senate President Thomas V. “Mike” Miller, Speaker of the House Michael Busch, as well as numerous healthcare industry representatives and advocates. The Maryland Model is an innovative approach to healthcare provider payment that is unique to Maryland and made possible via a contract between CMS and the state. The new model contract is expected to provide an additional $300 million in savings per year by 2023, totaling $1 billion in savings over five years.

“We are thrilled to be here today to officially execute and enact our unique and innovative Maryland Model, which is the only one of its kind in the nation,” said Governor Larry Hogan. “Today, we are taking another major step forward in our efforts to ensure that every Marylander has access to quality healthcare. It is my hope that these actions will be an example to the nation that when both sides of the aisle and all levels of government come together to develop innovative solutions, we can make real progress toward addressing our healthcare challenges and making care more accessible and more affordable.” Read entire article here


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