Law360, New York (July 19, 2012, 5:31 PM ET) -- The Centers for Medicare and Medicaid Services announced Thursday that states can compete for $275 million in grants to design and test new approaches to delivering health care, the latest in the agency’s multibilllion-dollar bet that innovative payment and treatment models will save money long-term.
All states can submit applications, but the vast majority of the cash — $225 million — will go to five states with proposals deemed ready to go and most promising. Another 25 states will be eligible to share the remaining $50...