Reducing Long term care payments to hospitals
A recent group of economists have suggested that cutting long term care payments would save taxpayers around $4.6 billion per year. How would they cut the costs? By getting rid of high cost payments for long term care to hospitals.
According to the National Bureau of Economic Research three major areas of importance that are not improving long term care hospitals are:
-Non-reducing mortality
-Non-reducing length of stay/care
-Costing patients higher payments
Liran Einav, one of the economics professor at Stanford University, did a recent study on long term care spending in hospitals and said, “When the government created long-term care hospitals in the early 1980s,[…]
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