Paper Summary:

The author of this paper examines both the outdated and current methods used in measuring the costs and benefits of short and long-term risk management. This paper explores current examples of the advantages of risk management by analyzing TennCare, a privatized medical program instituted in Tennessee which replaced the federal Medicaid system and proved to be successful, resulting in at least 22 other states adopting similar programs while being studied by many more as a model of risk management, both short-term and long-term.
Topics covered in this report include:
Thesis Statement
The TennCare System
Current State of Risk Management in Light of the Example
Bibliography

From the Paper:

"An example of one of the early results of this Risk Management approach became apparent rather quickly after initiation of the program. In Tennessee, as in other states, any indigent person can walk into an Emergency Room and expect to receive medical care for whatever problem confronting them regardless of one's ability to pay for such services. This is an expensive and wasteful use of vital resources. It, in Tennessee, too was the mainline of funding for many of the smaller and rural hospitals scattered throughout the state."

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