UnitedHealth Group, the largest health insurer in the United States, this month reported that it is now paying over $64 billion — 60% of its total annual expenditure — to providers operating on value-based care models. And it’s driving to increase that percentage to 75% by 2020.
“Value-based care is creating a platform for positive change throughout the health care system,” said UnitedHealth’s CMO, Dr. Sam Ho. “Patients get more consistent, quality care that is better coordinated and easier to navigate.”
UnitedHealth isn’t the only large insurer pushing the industry toward value-based care. Aetna is also attempting to achieve the 75% value-based care payment threshold by 2020.
Read more in this report from Forbes.