Economics

How Are Medicare Base Payment Rates Increased To Reflect Inflation?

In what ways are Medicare’s base payment rates adjusted to account for inflation? To account for inflation, the base-year payment rate is modified using an update factor specified by Congress (market basket). In addition, the pay index for the hospital’s geographic area is used to alter the labor-related share. What factors go into determining the

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What Are The Results Of Unanticipated Inflation?

Unexpected inflation hurts lenders since the money they are paid back has less purchasing power than the money they lent out. Unexpected inflation benefits borrowers since the money they repay is worth less than the money they borrowed. Quizlet: What is the impact of unexpected inflation? What are the consequences of unexpected inflation? Unprecedented inflation

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