Briefly describe how hospitals and physicians are reimbursed under the current Medicare payment mechanism.

Watch this short video and address the following questions:

What Is Medicare? 6/4/14 https://www.youtube.com/watch?v=PamIqQfL_3k

1. Briefly describe how hospitals and physicians are reimbursed under the current Medicare payment mechanism.
2. Discuss what Medicaid is, what it covers, and how physicians are reimbursed.
3. Briefly describe how ACOs will be reimbursed under the proposed Medicare ACO rule.

4. In your opinion, what would be the key to the success of the proposed ACOs, possibly  leading to a fundamental overhaul of the delivery system? List three factors you believe  to be crucial and justify your answer.