Venezuela's health minister says private hospitals in the South American country have agreed to temporarily freeze their fees, the Associated Press reports.
Outliers: Arm-twisting the hospitals in Venezuela
The measure is part of efforts by President Hugo Chavez’s government to contain healthcare costs while also trying to curb inflation now running at an annual rate of 25%.
Health Minister Eugenia Sader said private hospitals have agreed not to raise their fees for at least three weeks and called it a temporary measure while officials and hospital administrators discuss ways of lowering costs.
Perhaps an accountable care organization would be a solution to their problems.
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