Medicare on Friday unveiled a far-reaching overhaul of how it compensates doctors and other clinicians. The goal is to reward quality, cost-effective care instead of just paying piecemeal for services.
The complex regulation is nearly 2,400 pages long and will take years to fully implement. It's meant to carry out bipartisan legislation that was passed by Congress and signed by President Obama last year.
Whether it succeeds or fails, it's one of the biggest changes in Medicare's 50-year history.
While the concept of paying for quality has broad support, the details have been a source of trepidation for some clinicians, who worry that the new system will force small...