| 200123 Hope For Healthcare | In 49 of 50 states more sick people in a hospital bed means more revenue. NOT in Maryland. The state operates with a Global Budget System, that caps the prices hospitals can charge for medical care and caps how much health spending can grow overall, including revenue per hospital. The system is designed to incentivize hospitals to do the right thing.
In one hospital, readmission rates have dropped 30% in the past 8 yrs. and emergency visits have dropped by 20% respectively. To be clear, this is not a medical insurance solution, just innovation in the cost of health care. The system is still evolving — primary care services, unnecessary testing, outsourced surgeries, and drug costs (major budget expense) have offered road blocks in fine tuning the system. Still a highly respectable start, and one other states could learn from.