Research on Medicare focuses on evaluating policy options that address health care spending and the value of care. Faculty study the impact of changes in care fees in traditional Medicare and the economics of insurer pricing in Medicare Advantage as well as changes in spending within programs such as the Affordable Care Act and the Medicare Shared Savings Program.
The previous P01 research compared Medicare Advantage to traditional Medicare and determined that on average, Medicare Advantage plans appear to offer higher value in contrast to its previous performance, but that policy changes would be needed in order to move beneficiaries to the plan and make it more effective.
The new P01 program project responds to recent developments in Medicare and is providing analysis on how it can innovate using current and future strategies, including Medicare’s newer Accountable Care Organization (ACO) programs. The research agenda has three main areas: 1) innovative and comprehensive analyses of current initiatives, 2) rigorous research on the current form of integration, and 3) research on innovative beneficiary as well as provider payment policy. Such research will help ensure Medicare’s financial viability and long-term value.