(Denver) –Rep. Dave Young’s landmark Innovations in Medicaid Act was signed into law today by Gov. John Hickenlooper.
The Innovations in Medicaid Act will improve the quality of care for Medicaid patients in Colorado and help contain the spiraling cost of healthcare, saving Colorado taxpayers millions of dollars. It authorizes pilot programs as alternatives to the current budget-busting “fee for service” payment system, which compensates health professionals according to how many times their patients visit their offices, and on the number of tests and services they use. The new pilot programs will move toward a system that rewards health professionals according to how well they achieve positive health results for their patients, and on patient satisfaction. “The end result will be millions of dollars of savings for the state and better health for Colorado’s Medicaid patients,” said Rep. Young (D-Greeley). The governor visited Greeley on May 22 to promote the new law with Rep. Young.