Medicare Access and CHIP Reauthorization Act (MACRA)

The Medicare Access and CHIP Reauthorization Act (MACRA) is a law that aims to improve healthcare for seniors and children by reforming how doctors are paid. It ended the older payment system that rewarded the quantity of services provided and established new methods that focus on the quality of care. MACRA offers two main paths for payment: one that incentivizes high-quality care and another that promotes participation in alternative payment models. Overall, it seeks to enhance patient outcomes while controlling costs, ensuring more effective healthcare delivery for those relying on Medicare and the Children’s Health Insurance Program (CHIP).