Obama Administration Unveils Massive Medicare Overhaul

Medicare is shifting gears for doctors pay and other clinicians.
In a far-reaching overhaul, the federal government's health insurance program will transition to a new payment system.
The 2,400 page draft for new regulations stems from a bipartisan bill that passed the Congress last year.
Signed into law by President Barack Obama, the Medicare Access and CHIP Reauthorization Act will initiate two payment tracks for medical professionals who bill Medicare.
The first model is a mixed bag of opportunity that should reward for performance in light of accepting financial risk, potentially earning higher reimbursements.
The second model will incentivize clinicians based on merit to award quality medical care over volume.

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