How Physician Payment Scrutiny Leads to Health Care Rationing

Medicare released the most comprehensive ever look at how Medicare dollars are paid out to physicians across the United States.  In the name of transparency, this data drop will “[p]rovide consumers with an ability to compare doctors and treatments in a way they have never had until now.” Will it really? Let’s look a bit closer at the data release. According to the Centers for Medicare and Medicaid Services, the payment data release aims to “[m]ake our healthcare system more transparent, affordable, and accountable.”  But just a superficial glance at the data reveals the glaring discrepancy between revenue and profit.  Revenue is what the physician is paid by Medicare, subsequently reduced by the cost of generating this revenue, not what the physician actually earns (his profit).  Amazon, despite huge revenue, is not profitable. Leading the list is a Florida ophthalmologist, followed by many other colleagues in the same...(Read Full Article)