The figure given below represents demand for and supply of hospital beds in Anytown, U.S.A. , as shown by curves D and S1 in the following figure.If the hospital receives permission to expand, its new supply curve will be S2.Price level P1 is the fixed prospective payment reimbursement rate paid by Medicare to the hospital, regardless of actual cost. Figure 32.3 
According to Figure 32.3, given the existing demand for its beds, after the hospital completes its expansion it will maximize its occupancy rate by charging a price level:
Definitions:
Privatization
The process of transferring ownership or operation of a business, enterprise, agency, or public service from the public sector (government) to private individuals or organizations.
Globalization
The process of interaction and integration among people, companies, and governments worldwide, resulting in the interconnectedness of global economies, cultures, and populations.
International Policy
Policies designed to handle issues that cross national borders and require cooperation or negotiation between countries.
United States
The United States is a country located in North America, characterized by a federal system of government, diverse population, and significant global influence in economic, political, and cultural spheres.
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