A payment method in which physician charges, hospital charges, and all pre-operative and post-operative care are paid at a fixed fee is known as insurance.
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1. In the Canadian healthcare system, cost containment is accomplished primarily through: A. copayment B. high deductibles C. cost sharing with the government. D. voluntary restraint in raising prices. E. fixed budgets for hospitals and predetermined fees for physicians.
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The Oregon Department of Health website provides information on the cost-to-charge ratio (percentage of billed charges that are actual costs to the hospital). The cost-to-charge ratios for both inpatient and outpatient care in 2012 for a random sample of six hospitals in Oregon are: Hospital Inpatient Ratio Outpatient Ratio 1 68 54 2 100 75 3 71 53 4 74 56 5 100 74 6 83 71 Construct and interpret a 98% Confidence Interval for the difference in cost-to-charge ratios for inpatient and outpatient care.
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