Comments on: All the Wrong Incentives! A complex coronavirus made worse with bad incentives! https://futuristspeaker.com/futurist-thomas-frey-insights/all-the-wrong-incentives-a-complex-coronavirus-made-worse-with-bad-incentives/ Thomas Frey Google's Top Rated Futurist Speaker Sat, 09 May 2020 03:01:14 +0000 hourly 1 https://wordpress.org/?v=6.6.5 By: About Creativity https://futuristspeaker.com/futurist-thomas-frey-insights/all-the-wrong-incentives-a-complex-coronavirus-made-worse-with-bad-incentives/#comment-29821 Sat, 09 May 2020 03:01:14 +0000 https://futuristspeaker.flywheelsites.com/?p=30184#comment-29821 Very good, options:

´´ Problem #1: Paying more money to hospitals for COVID-19 deaths
Incentive: Medical systems do get paid more for Medicare patients diagnosed with COVID-19. Even if it’s only presumed they have COVID-19, without having an actual lab test confirming anything, they get paid more.

If it’s straightforward, garden-variety pneumonia that a person is admitted to the hospital for, the payment is $5,000. But if it’s COVID-19 pneumonia, then it’s $13,000, and if that COVID-19 pneumonia patient ends up on a ventilator, it goes up to $39,000.

This higher allocation of funds was part of the CARES Act which included a Medicare 20% add-on to its regular payment for COVID-19 patients.

Unintended Results: Skewed data is always a problem. All of the numbers we’re looking at to decide how risky it is to be around others has been artificially inflated by medical groups trying to make extra money.´´

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