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Essay

Managed Care Payment Systems

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Issue:

Science

 

Written by:

Rachel D

 

Date added:

October 24, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

5 / 1137

 

Was viewed:

4898 times

 

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Essay content:

This was acceptable at the time because costs were low. However, as costs began to rise, changes in the system occurred as well. Private insurance companies started to form in the 1920s to help consumers afford medical care when needed. Through several evolutions over the years and due to increased costs of medical care, we saw new market oriented public policy initiatives starting to form by the 1980s...
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In 1970 health care spending represented 7% of the national income, but by 1993 it grew to 13.4% (White, 2004). Health care costs were starting to get out of hand and something needed to be done to address it. "In the public sector, important initiatives included the introduction of the Medicare Prospective Payment System, a range of state reform efforts, and the Clinton administration's health reform initiative...
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