Hospital Financing Experiment and Demonstration Act

Hospital Financing Experiment and Demonstration Act - Directs the Secretary of Health and Human Services, directly or through contracts, grants, or cooperative agreements, to develop and carry out the following studies and experimental pilot or demonstration projects designed: (1) to determine whether it would be desirable and feasible to use funds available under titles XI (General Provisions), XVIII (Medicare), or XIX (Medicaid) of the Social Security Act to foster such restructuring of the health care delivery system in a community as results in the more efficient and economical delivery of health care services under such titles; (2) to determine whether, and if so under what circumstances, it would be desirable, feasible, and consistent with the findings of an appropriate health planning agency to use funds available under titles XVIII or XIX (or both) of the Act to provide financial relief for public or private nonprofit hospitals which, without such assistance, would be forced to close or terminate or reduce the availability of services which are essential to the community; and (3) to determine whether, and if so what, changes in titles XVIII or XIX (or both) of the Act would increase the availability of services under such titles, contribute to the more efficient and economical use of funds under such titles, or improve the administration of the programs under such titles.