The federal government gave approval to Vermont Governor Peter Shumlin to implement a fully value-based care healthcare system, VPR reports.
Here's what you need to know.
1. Physicians in the state are going to have to register with an ACO. OneCare Vermont and the Vermont Care Organization are two such organizations.
The payments will go through the ACO.
2. The Green Mountain Care Board, which approves hospital budgets and insurance prices, is going to be the primary regulator for the ACOs.
3. A version of value-based care was "all the rage" in the 1970s, but was phased out as healthcare adapted a free-market approach.
4. Maryland kept its all-payer system, and has had the model in place since 1976. According to a 2010 National Conference of State Legislators brief: "between 1976 and 2007, Maryland had the second lowest rate of increase in costs per admission in the county."
5. Vermont will be the first state to implement a full value-based care model.
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