March 26, 2008

Key findings: No Need to Change 30-Day Payments

  • Pharmacies are being paid on time with great efficiency
  • “Prompt pay” mandate would increase costs to Medicare and its beneficiaries by $3.3 to $7.8 billion over 10 years
  • Accelerated payments would make it more difficult to prevent fraud
  • Doctors and hospitals would also demand faster payments in Medicare A and B
  • Lower-priced competition—not payment cycles— is the real challenge for independents

View the slide deck.