The term 'cost shifting,' as I use it, refers to those items in a university's budget that used to be reimbursed by the federal government but are no longer paid for by them.
Sentiment: NEGATIVE
We see healthcare shifting from a procedure reimbursement, where in this country doctors are reimbursed for how many procedures they conduct, to a world where people will be reimbursed for the outcomes - did the patient actually get better, and what was the total cost of the cycle of care.
If you are spending too much, you cut back on spending and you raise your revenues. And that's it.
This government has always said increasing pay is something for something.
The expenses of complying with Washington's torrent of mandates and regulatory overreach are costing American workers jobs and income growth.
Deflation is defined as a general decline in prices, with emphasis on the word 'general.'
In the state of Michigan, where I served in the state Legislature, there was a lot of shuffling of money between one year and the other to balance the budget.
The higher amount you put into higher education, at the federal level particularly, the more the price of higher education rises. It's the dog that never catches its tail. You increase student loans, you increase grants, you increase Pell grants, Stafford loans, and what happens? They raise the price.
Assuming a specific resource is high cost is often a path to disruption when someone makes a different assumption.
If you're opposed to the budget I submitted to the General Assembly, you're for a tax increase.
The cost of a thing is the amount of what I will call life which is required to be exchanged for it, immediately or in the long run.