Three Simple Ways Medicare Can Save Money
Price fixing can be costly. The government should embrace alternatives like concierge physician arrangements.
by John C. Goodman
August 11, 2011
Source: The Wall Street Journal
The most significant reason for our out-of-control deficit spending is health care. And the biggest federal health-care program is Medicare. That's why almost everybody—on the right and the left— agrees that Medicare must be reformed. A good place to start is recognizing that what Medicare is trying to do is impossible.
Medicare has a list of some 7,500 separate tasks it pays physicians to perform. For each task there is a price that varies according to location and other factors. Of the 800,000 practicing physicians in this country, not all are in Medicare and no doctor is going to perform every task on Medicare's list.