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 P01 program project focuses on the successful integration of financing and care for Medicare. It is a continuation of the research completed under the previous P01, entitled “The Role of Private Plans in Medicare.” Joseph Newhouse is the principal investigator for the P01 and Thomas McGuire is the associate director. This Program Project is funded by the National Institute of Aging.
There are three individual research projects and two cores within the P01 led by HCP researchers and including interdisciplinary health policy investigators within and outside of HCP. The project leaders in addition to Newhouse and McGuire are Bruce Landon, Michael McWilliams, and David Grabowski.
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.
If you have any questions, please contact Vanessa Azzone, the P01 project manager.