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

by Louise B. Russell

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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...

• Format: Paperback
• Language: English
• ISBN: 0815776233
• ISBN13: 9780815776239
• Release Date: September 1989
• Publisher: Globe Pequot Publishing Group Inc/Bloomsbury
• Length: 130 Pages
• Weight: 0.41 lbs.
• Dimensions: 0.4" x 6.1" x 9.3"