The federal government is wasting more than $3.2 billion a year because it is paying twice to provide the same care for veterans, once through capitated rates to Medicare Advantage plans, and again to finance the VA healthcare system, which actually provides the care.
That's according to a report in the Journal of the American Medical Association, which found that the Veterans Healthcare System spent $13 billion—from 1.3 billion in 2004 to $3.2 billion in 2009—providing care for 1.25 million "dual-eligible" vets covered by Medicare Advantage plans.
HealthLeaders Media Breakthroughs
The Promise of Healthcare Analytics
Healthcare is rich in data. Yet healthcare lags in using data analytics to learn about the people it serves and to improve its operations and bottom line. Leaders are overcoming structural and cultural hurdles to involve many end users—executives, managers, and clinicians—as well as analysts.