What question did this study set out to answer?

This research aims to evaluate the effects of Medicare's prospective payment system on hospital costs and revenues.

How Did Medicare's Prospective Payment System Affect Hospitals?

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This research aims to evaluate the effects of Medicare's prospective payment system on hospital costs and revenues.
Analyzed data from 1982 and 1984
Compared hospitals with prospective payment to those without
Evaluated changes in Medicare costs and overall hospital spending
Hospitals under the prospective payment system experienced lower Medicare cost increases (significant)
Hospitals adjusted spending based on revenue constraints; the most constrained showed the greatest cost control
Profit margins increased for less constrained hospitals despite lower spending

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Randomized trial examines hospital costs in Medicare's payment system, suggesting adjustments for fairness.

Feder et al. (1987) studied this question.

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