Paper Abstract
A 15 page paper discussing health care costs in terms of Medicare’s influence on the rates that private insurers are willing to pay for services. The paper discusses the history, economic effect, regulations and future of Medicare, and how each has affected or is affecting efforts to reduce cost increases. If Medicare reform could be the prize, then the private sector gladly would assist in helping Medicare and CMS become more business-like in its function, purpose and operation. The private sector was forced to adopt the principles of continuous improvement years ago; if CMS could do the same, then every American citizen could benefit from the commitment. Bibliography lists 10 sources.
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