Obamacare program meant to save money cost government $384 million

Published March 29, 2018 5:45pm ET



A program created under Obamacare to reduce healthcare spending is actually costing the federal government millions of dollars, a new analysis finds.

The analysis released Thursday by consulting firm Avalere Health looked at the estimates for the Medicare Shared Savings Program, which gives hospitals and doctors incentives to reduce health spending. The program encourages the creation of accountable care organizations, which are healthcare providers that receive a percentage of any net savings caused by their efforts to reduce spending.

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