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Author: Rightime Big gold star, 5000 posts Top Recommended Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1976455  
Subject: Re: 4 Years no budget from Senate ... Date: 3/23/2013 6:48 PM
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Exactly, It is Clearly NOT Traditional Medicare

Did anyone ever say it was?
bears



Yeah, you did,you even went out of your way to put it in Bold Letters to make the point:
http://boards.fool.com/the-whole-point-of-a-house-bill-is-to...




The fact is, the trust for Medicare "A" (hospital payments) runs out of money in 11 years. "B" and "D" are solvent for the moment due to a different funding method than "A"

Bottom line, none of the plans can work.


And pushing everyone into a thousand fractionated private insurance plans will end the large market clout of Medicare. Medicare is the only payor to consistently secure the lowest reimbursement rates with health care providers. Medicare operates under minimal administrative overhead. Just use the example of one procedure, CT w/ contrast. Medicare has kept reimbursement increases to less than 2% a year, but hospitals have been driving these costs at 12% a year to non-contractual payers.
The only area where Medicare rates have been bloating is through Medicare Advantage, which is what Medicare will become: medicare dollars going to pay private insurance claims.

The last time someone tried to privatize a large government industry, was when Pete Wilson (also a republican) turn the utility industry over to private companies, in fact, hundreds of private companies. And what happened? Enron.

Right now, depending what part of the country you live in, 20-33% of doctors will not accept Medicare as payment.

That's a complete fabrication. If you take out all the doctors that can't charge medicare in the forst place i.e., plastic surgeons etc... 98% of physicians are compliant with medicare. I've posted link after link that provides evidence of medicare doctors in the U.S. in the past. If you're mixing in Medicaid/Medicare doctors with doctors that are compliant with the Medicare system, then you are looking a the wrong set.
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