Wednesday, August 28, 2013

The Hospital As A Public Utility--Regulated Price With Low But Stable Profit: A Maryland Example

Lessons In Maryland For Controlling Costs At Hospitals by Eduardo Porter.  The New York Times.  August 28, 2013.  (At the moment there is no link to the online NY Times article.  The site has been under cyberattack.  Go to the physical paper to read.)

(1)  Under the Maryland System described in the article, the hospital accepts a guaranteed budget every year to ________________________________.

(2)  This system has provided incentives to keep people ___________________ where the cost of care is __________________________,

(3)  Results of this approach include reduction of readmissions from _______ in 2011 to _______ now and and operating profit of __________________ on revenue of ___________.

(4)  The transformation of hospital service resembles an ___________________, referred to in the federal health care law.

(5)   According to Porter this is possible because in Maryland there is a commission that sets ___________________________________ which in effects turns hospitals into ______________.
(6)  This system provides a direct means to regulate ______________.

(7)  Why is costs for care spread more evenly in Maryland between private pay patients, Medicare/Medicaid patients, and the uninsured.

(8)  How does the Maryland system for uncompensated care differ from that commonly found elsewhere?

(9)  Maryland health insurance rates are among the _____________________.

(10)  What are some of the difficulties in applying the Maryland system nationwide?

(11)  AS a result of keeping healthier people out of the Maryland's hospitals, they have _________________________ raising their unit cost.




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