The combination of insurance and rapidly expanding

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Unformatted text preview: services the insurer will pay and how much it will pay for them. insurance reimbursement rules can become incredibly complex 4. when people do not directly and fully pay for services, economists worry that they will use more services than they need or that a provider will deliver more care than needed. • medicare- insurance for the elderly and the permanently disable • medicaid- which is an insurance type system for low income americans. • the combination of insurance and rapidly expanding clinical advances led to an expenditure explosion in the 1970's what the money buys and where it comes from • 81% of expenditures wil focus on four types of care 1. hospital care 2. physician and other clinical services 3. nursing home...
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This note was uploaded on 12/18/2013 for the course ECON 3910 taught by Professor Jenniferschultz during the Spring '13 term at University of Minnesota Duluth.

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