This bill seeks to increase access to medical facilities by studying how lower co-payments for people on Medicare impacts how often they go to the doctor, and general "clinical outcomes."
Two years after the bill is passed, a three year program would be initiated to study “value-based insurance design.” This model essentially sets the price for treatments and prescriptions based on how important they are to the patient — not how much they cost the hospital. The program would be rolled out at two Medicare facilities chosen by the Secretary of Health and Human Services (HHS).
Patrons of the facility would, of course, have to be notified that the study was underway. The facility would also have the power to choose which treatments and prescriptions would have their prices reduced for the study. The study gives these facilities permission to do away with copayments, but they can’t raise them.
One year after completing the study, the HHS would have to submit a report to Congress. The program would also be reviewed by an independent agency.