By Elise Viebeck - 09/16/14 02:36 PM EDT
New healthcare delivery models established under ObamaCare produced $372 million in savings for the Medicare program, federal health officials said Tuesday.
The healthcare law's accountable care organizations (ACOs) seek to save money and enhance patient care through better coordination among healthcare providers.
"We all have a stake in improving the quality of care we receive while spending our dollars more wisely," said HHS Secretary Sylvia BurwellSylvia Mathews BurwellHHS projects 13.8M ObamaCare signups for 2017 Republicans demand documents from insurers on ObamaCare 'bailout' Top health officials: Funding delay hurt Zika response MORE in a statement.
"It’s good for businesses, for our middle class, and for our country's global competitiveness."
The praise comes amid questions about the long-term viability and effectiveness of ACOs, which launched in 2012.
Critics have called the program fatally flawed, and as of earlier this month, Medicare's "Pioneer" initiative had dropped from 32 to 22 participants.
ACOs that stopped participating cited concerns about financial stability given the requirement to pay the Centers for Medicare and Medicaid Services if their price of care goes up.
Supporters say testing new models is crucial to moving Medicare away from fee-for-service payments.