2 ms·
The whole joke about it is that they aren't taking a loss they are just not profiting as much, which is a completely different thing. It's like me saying I don'
by dguaraglia 14y ago
The whole joke about it is that they aren't taking a loss they are just not profiting as much, which is a completely different thing. It's like me saying I don't have a drinking problem because I only drank 2 bottles of vodka before lunch, instead of the 3 I could've drank.
In any other industry the practice of inflating the value would be illegal, specially when done in the cartelesque way it's done in health insurance/healthcare. 'Luckily' the health insurance industries has managed to lobby its way into getting all kind of exceptions, and our representatives are hard at work to keep it that way.
- bhb916 14y agoA close friend of mine is an ophthalmologist. The Medicare reimbursement rate for a cataract surgery is a little over $300. This is surgery that restores eyesight. How much would you pay to have your eyesight restored? It's clearly not market rate. I guarantee that at least in this situation his practice is not turning a profit on these surgeries. $300 certainly doesn't cover the labor expense. This story is, of course, anecdotal. I'd be eager to hear of similar stories of Medicare reimbursing appropriately.