Medicare

Medicare Adopts DRG Prospective Payment System Creating Hospital Profit Incentives for Reduced Care

1983-04-20 00:00:00 +0000 UTC | Importance: 7/10

The Social Security Amendments of 1983 establish Medicare’s Prospective Payment System (PPS), fundamentally transforming hospital economics by replacing cost-based reimbursement with fixed payments based on Diagnosis Related Groups (DRGs). Under the new system, hospitals receive a …

Ronald Reagan Richard Schweiker American Hospital Association Federation of American Hospitals healthcare medicare regulatory-capture hospital-industry cost-shifting

King-Anderson Medicare Bill Defeated in Committee After Intense Corporate Lobbying

1962-02-13 00:00:00 +0000 UTC | Importance: 7/10

The King-Anderson bill, President Kennedy’s Medicare proposal introduced by Representative Cecil King and Senator Clinton Anderson, is defeated in committee despite strong public support after intense lobbying by the American Medical Association, corporate healthcare interests, and …

Cecil R. King Clinton Anderson John F. Kennedy Wilbur Mills Harry Byrd +4 more medicare healthcare lobbying ama corporate-opposition +2 more