Fern
Elite Member
- Sep 30, 2003
- 26,907
- 174
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What a joke. I would suggest you research the claims that doctors and hospitals 'lose money' on Medicare patients more thoroughly. You might be surprised at what you find. (hint: check into optimal resource utilization)
Well, they certainly claim to.
I know first hand from an ownership stake in a durable goods company that some Medicare fees are actually less than the product can be purchased for. That's before factoring in shipping, and overhead (rent, employee labor for fitting etc.).
An oncologist I spoke with last week complained that the Medicare reimbursement for drugs his patients needs is only 80% of the drug's costs.
I don't care how good you are at "optimal resource utilization", you can't break even, much less make a profit under those circumstances.
[QUOTE=eskimospy;37118266
Regardless, doctors and hospitals are free to stop taking Medicare at any time. Participation is entirely voluntary.
Yes, it's voluntary. But many hospitals can't drop Medicare/Medicaid. E.g., the hospital nearest me is a nonprofit 'owned' by the county I live in. The county govt will simply not allow Medicare/Medicare to be dropped. The poor and elderly would no longer have access to health care as most physicians here don't accept Medicare/Medicaid patients.
Fern