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Value in Health Care Act of 2023
12/20/2024, 9:06 AM
Summary of Bill HR 5013
Bill 118 hr 5013, also known as the Value in Health Care Act of 2023, is a piece of legislation currently being considered by the US Congress. The main goal of this bill is to improve the quality and efficiency of healthcare in the United States by promoting value-based care.
One of the key provisions of the Value in Health Care Act is the establishment of a Value-Based Care Innovation Fund. This fund would provide grants to healthcare providers who are implementing innovative value-based care models that have been shown to improve patient outcomes and reduce costs. By incentivizing providers to focus on value rather than volume of care, the bill aims to drive improvements in the overall quality of healthcare in the US.
Additionally, the Value in Health Care Act includes measures to increase transparency in healthcare pricing and quality. The bill would require healthcare providers to disclose the cost of their services upfront, allowing patients to make more informed decisions about their care. It would also establish a national database of healthcare quality metrics, making it easier for patients to compare the performance of different providers. Overall, the Value in Health Care Act of 2023 seeks to shift the US healthcare system towards a more value-based model that prioritizes quality and efficiency. By incentivizing providers to focus on value and increasing transparency for patients, the bill aims to improve the overall quality of healthcare in the United States.
One of the key provisions of the Value in Health Care Act is the establishment of a Value-Based Care Innovation Fund. This fund would provide grants to healthcare providers who are implementing innovative value-based care models that have been shown to improve patient outcomes and reduce costs. By incentivizing providers to focus on value rather than volume of care, the bill aims to drive improvements in the overall quality of healthcare in the US.
Additionally, the Value in Health Care Act includes measures to increase transparency in healthcare pricing and quality. The bill would require healthcare providers to disclose the cost of their services upfront, allowing patients to make more informed decisions about their care. It would also establish a national database of healthcare quality metrics, making it easier for patients to compare the performance of different providers. Overall, the Value in Health Care Act of 2023 seeks to shift the US healthcare system towards a more value-based model that prioritizes quality and efficiency. By incentivizing providers to focus on value and increasing transparency for patients, the bill aims to improve the overall quality of healthcare in the United States.
Read the Full Bill
Current Status of Bill HR 5013
Bill HR 5013 is currently in the status of Bill Introduced since July 27, 2023. Bill HR 5013 was introduced during Congress 118 and was introduced to the House on July 27, 2023. Bill HR 5013's most recent activity was Referred to the Subcommittee on Health. as of December 17, 2024
Bipartisan Support of Bill HR 5013
Total Number of Sponsors
2Democrat Sponsors
0Republican Sponsors
2Unaffiliated Sponsors
0Total Number of Cosponsors
16Democrat Cosponsors
9Republican Cosponsors
7Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 5013
Primary Policy Focus
HealthPotential Impact Areas
- Administrative law and regulatory procedures
- Congressional oversight
- Department of Health and Human Services
- Government information and archives
- Government studies and investigations
- Health care costs and insurance
- Medicare
Alternate Title(s) of Bill HR 5013
Value in Health Care Act of 2023
Value in Health Care Act of 2023
To direct the Secretary of Health and Human Services to revise certain regulations in relation to the Medicare shared savings program and other alternative payment arrangements to encourage participation in such program, and for other purposes.
Comments
Sponsors and Cosponsors of HR 5013
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