In: Economics
How did each of the following laws affect hospital costs: Hill-Burton Act of 1946 Health Professions Educational Assistance Act of 1963
Under the Hill-Burton Act of 1946, the Congress passed the resolution wherein it promised to grant loans for the modernization and construction of the medical facilities in various hospitals, in return that they would provide the free medical facility to those who are below the poverty line as per Federal Poverty Guidelines. One is also eligible for the reduced care costs given they have a double of income of the Federal Poverty Guidelines. Though a lot of hospitals have stopped servicing since 1997 due to stoppage of funds, still few hospitals remained to provide reduced or free care to those who cant afford.
Under the Health Professions Educational Assistance Act of 1963, the financial assistance was provided to the school for building the infrastructure which further helps in improving nurse training, public health training etc. With the increase in the number of qualified professionals, the hospitals would have larger and efficient nurses to choose from which would have reduced their spendings on the training which previously must have done by themselves.