The Nation : Hospital Medicare Net Up
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Hospitals, which feared they would suffer substantial losses under government rules that limit Medicare payments, actually made above-average profits the first year of the program, a government study reveals. Hospital profit margins on Medicare operations rose to 14% in 1984, the first year of a prospective payment system, about triple the average profit margin for all patients in recent years, according to an internal report by Richard P. Kusserow, inspector general of the Department of Health and Human Services, the Washington Post reported.
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