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Medicare and Medicaid often reimburse below cost. Healthcare businesses make up the difference from private insurance. By forcing people to accept the lowest
by riahi 10y ago
Medicare and Medicaid often reimburse below cost. Healthcare businesses make up the difference from private insurance. By forcing people to accept the lowest rate (which is not negotiated, but effect by decree), you absolutely destroy the funding for services.
Good luck keeping any healthcare facilities open at those reimbursement rates.
Medicare is allowed to set prices by fiat for physician and hospital services. It is barred by law from negotiating on medications. Perhaps the ire should be directed there.