Economic Principles-Healthcare

 Description This week’s discussion focuses on the financial and economic decisions hospitals face in our current healthcare system. For your initial post, explain how cost-shifting impacts the flow of hospital monies. Describe “cream skimming” and determine if it is an ethical business practice, particularly in healthcare economics. How do Medicare and Medicaid reimbursements apply to these practices? What impact do these reimbursement systems have on a hospital’s budget? In responding to at least two of your classmates’ posts, agree or disagree with their conclusion on the ethics of “cream-skimming.” What role do Medicare and Medicaid play in this determination—are hospitals paid enough by these governmental payers?