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An insured patient is admitted to a hospital. Compare the advantages and disadvantages of fee-for-service payments and a DRG-based payment system from the perspective of (a) the patient's insurer; (b) the hospital to which the patient was admitted; (c) the patient's admitting physician; and (d) the patient.

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An insured patient is admitted to a hospital. Compare the advantages and disadvantages of fee-for-service payments and a DRG-based payment system from the perspective of (a) the patient's insurer; (b) the hospital to which the patient was admitted; (c) the patient's admitting physician; and (d) the patient.

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The patient's insurer would favor the DRG based system, as it would save the insurer money. The hospital where the patient was admitted is trying to maximize profits in order to remain open and viable, ...

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