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Paperback Medicare's New Hospital Payment System: Is It Working? Book

ISBN: 0815776233

ISBN13: 9780815776239

Medicare's New Hospital Payment System: Is It Working?

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In 1983 Congress changed the way Medicare pays for hospital care. Under the new prospective payment system, hospitals are paid a fixed rate, set in advance, to cover a patient's stay. If costs are less than the fixed rates, the hospital keeps the profit; if the costs are more, it absorbs the loss. From the beginning, prospective payment was recognized as a revolutionary change in Medicare. Congress wanted a system that would make federal expenditures...

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