The federal government's Medicare program aims to trim costs for many healthcare providers, which could help these organizations save money, according to The Wall Street Journal.

Due to the Affordable Care Act, Medicare will fine hospitals who have a large number of people readmitted within one month of being discharged. This will aim to help hospitals improve care in the short-term, and keep patients from coming back due to failings from the hospital.

"Better quality care with fewer complications is actually less expensive," Paul McGann, deputy chief medical officer at the Centers for Medicare and Medicaid Services innovation center, told the news source.

Many of those who are the highest-cost patients have chronic issues such as cancer, arthritis, high cholesterol and diabetes, Steven Cohen, director for the Agency for Healthcare Research and Quality, told the news source.

Those older Americans who are struggling with major medical issues may benefit from looking for a plan with more affordable health insurance rates than under the Medicare program. Exploring multiple health insurance quotes online may help a person achieve this.