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Medicare just forces providers to take less money than insurance companies, it's efficient in some sense, but it's not operational efficiency. I'm super glad m
by maxerickson 6y ago
Medicare just forces providers to take less money than insurance companies, it's efficient in some sense, but it's not operational efficiency.
I'm super glad my mom has Medicare! But she isn't benefitting from it being efficient, she's benefitting from it setting the rate it pays and requiring providers to accept it.
- munk-a 6y agoTo clarify a bit these market insights don't just come from comparisons to medicare but by comparing patient care costs to similarly developed nations and trying to account for factors like the obesity epidemic - the US just pays a lot more for a patient to get treatment than similar countries.