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Suppose a hospital serves two types of patients - those enrolled in Medicare and those with private insurance coverage. Suppose Medicare reimbursements from the government
Suppose a hospital serves two types of patients - those enrolled in Medicare and those with private insurance coverage. Suppose Medicare reimbursements from the government are reduced. Explain under what condition a hospital may not be able to 'cost shift' to the private-pay submarket to counter the loss they incur in Medicare submarket. Use clearly labeled diagram(s) in your explanation.
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