Califano Jr., Josheph A.
May 1985
FE: The Magazine for Financial Executives;May1985, Vol. 1 Issue 5, p10
Trade Publication
The article evaluates the structural causes of inflation in the health care industry in the United States. The article states that hospitals have generally been reimbursed on a cost or, in the case of for-profit hospitals, a cost-plus basis. Doctors are paid on a fee-for-service basis. Thus, the more hospitals have spent, the more money they have received. An issue of critical importance, potential for a competitive economy in health care is the prevailing third party payment system, which eliminates any relationship between the buyer and the seller.


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