The WSJ's MediScare
futureofcapitalism.com

From a Wall Street Journal editorial on a possible 2% cut to Medicare providers as part of the debt reduction deal:

Congress would decree that U.S. medicine must provide the same level of services to patients but do so for 98 cents on the current government dollar. And that dollar is already below actual costs. For the same hospital services, private insurers on average pay $1.49 today, according to Medicare data on relative public and commercial rates. A doctor to whom Medicare pays $1 would receive $1.25 from a private carrier for delivering the same care. The rest of the economy does not work like this.

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The WSJ's MediScare
futureofcapitalism.com

From a Wall Street Journal editorial on a possible 2% cut to Medicare providers as part of the debt reduction deal:

Congress would decree that U.S. medicine must provide the same level of services to patients but do so for 98 cents on the current government dollar. And that dollar is already below actual costs. For the same hospital services, private insurers on average pay $1.49 today, according to Medicare data on relative public and commercial rates. A doctor to whom Medicare pays $1 would receive $1.25 from a private carrier for delivering the same care. The rest of the economy does not work like this.

Read More...