SAR HP 353 Lecture Notes - Lecture 3: Generic Drug, Medigap, Managed Care
4 Oct 2018
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Moral hazard is a way to control cost: insurance companies pass some of the cost of your care on a visit basis onto you. This is going to decrease the abuse of the system. Nancial obligations, you are more likely to abuse. So, now you have to pay per visit this is copayment or coinsurance. However, this can also become very negative some people no longer get the care they need (they do not have access anymore). Sample test question: who is excluded from employment based health insurance plans: people over age 65 and not working, unemployed individuals, part time workers, all of the above. Prior to 1960 we had municipal hospitals, which were nanced by the government. We also had dispensaries giving care to the poor. Medicare a 1965: for hospital care only. Medicare advantage program part c and medicare d (2003) These were ways for the government to nance health care. Title xviii to the social security act.
