An article in Vox delves into Maryland’s unique hospital cost control and care systems, and how these regulations have become models for other states.
From Vox:
Maryland is the site of two big experiments in containing health care costs. The first: Since the 1970s, the state has set the prices hospitals can charge for medical care, known as all-payer rate setting.
The second experiment: Since 2014, it’s also capped how much health spending can grow overall, including how much revenue each hospital can take in.
These kinds of regulations are common abroad — France, Japan, Switzerland, the Netherlands, and Germany all have some variation of rate setting and set budgets for health care spending. But here in the United States, Maryland stands alone.
For more information:
The answer to America’s health care cost problem might be in Maryland (Vox)