The Denver Post (8/25, Booth) reports United Healthcare of Colorado is granting $1.1 million to help hospitals cut expensive and unhealthy readmissions.
The grants will attack an area highlighted by recent Medicare studies and the Affordable Care Act. Avoidable readmissions of patients who left a hospital less than 30 days before.
Under the new Patient Protection and Affordable Care Act (PPACA) insurance companies are required to use 80-85 cents from each premium dollar collected to pay for medical care. Reducing or eliminating avoidable readmissions that cost billions of dollars per year nationwide would reduce insurance premiums by a larger amount.
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