Tuesday, November 03, 2009

Medicare Demos: Then and Now

Back in 1983, the Medicare system introduced its prospective payment system for hospitals. The program, considered successful, apparently represents the last time such a plan was deemed a success.

Now, Kaiser Health News confirms something we've been saying for a long time: that Medicare's alleged cost-savings mechanisms are illusory. In a ground-breaking story, KHN vets Chris Weaver and Kate Steadman examine how provisions in PelosiCare, et al may well be based on some false conclusions.

Recommended.

[Hat Tip: FoIB Kate Steadman]
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