HCMG 250 Lecture 2: Week 2 Notes
4 Apr 2016
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Heavy favor towards procedures and specialists (goes back to war) Hospitals get paid a set amount (unit price) Consequence: los (length of stay) shortened (turns out it was a good thing because staying longer in a hospital is not good), upcoding occurred. 6 diff payment rates for hospitals: (prices vary by who"s paying) Charge master rate (if you have no insurance) Usual, customary, and reasonable rate (out of network price, a person from california gets medical treatment from utah) Medicaid rate (lower than medicare, usually the lowest rate) Actual cost (no idea; you"d have to follow everyone and see how much time they spend doing something) In 2015 the us will spend . 2 trillion on health care. Public spending on healthcare in 2013: . 3 trillion. If health care growth grows at gdp, we can pay for that. Right now, health care cost growth in excess gdp. Average age increase in the us: health care costs will, of course, go up.
