I’m working on a health & medical question and need an explanation and answer to help me learn.
It is important to stay caught-up on current events, the article that was assigned this week for reading discusses Bundled Pricing. Please write your response in a Word Document, Time New Roman font, size 12, double spaced, no headers or title page needed, no minimum or maximum page lengths, simply answer the following prompts. Further reading and research may be needed.
1. What is your opinion of Bundled pricing, as described in the article. Do you think it will/won’t work? Explain your reasoning.
2. Did you learn anything new in the article? Any new terminology that you may have had to research?
3. Have you ever read about the Bundled Payment Initiative offer by CMS? If not, please read some articles online and explain how it relates to the current article.
4. How would this be different from plans your insurance carries, such as 1 free colonoscopy every 5 years as long as there is no diagnosis of problems and 1 free mammogram yearly for females. How is an insurance bundle different from a bundled price?
5. Lastly, which do you think would work better; bundled pricing offered by facilities or having an established and universal consumer price index for all medical services? Explain your answer.
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