The Medicare Access and CHIP Reauthorization Act (MACRA) is a significant legislation passed in 2015 that reformed how Medicare pays for healthcare services and also extended funding for the Children's Health Insurance Program (CHIP). It shifted the focus from traditional fee-for-service reimbursement to a system that emphasizes value-based care, linking payments to the quality of care delivered. This act has important implications for various reimbursement methods and alternative payment models in the healthcare system.
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