With US doctors going broke due to Medicare cuts, how’s that “free market capitalism” in medicine working out?

Question

With US doctors going bankrupt due to Medicare cuts, how’s that long-running “free market capitalism” in medical industry working out for you…?

Herewith simply more evidence of how US richclass have all along simply sapped their massive wealth out of US working class tax coffers…

Free market capitalism… Pfft.

“…Business: Doctors going broke”

‘“Pentz said recent steep 35% to 40% cuts in Medicare reimbursements for key cardiovascular services, such as stress tests and echocardiograms, have taken a substantial toll on revenue. "Our total revenue was down about 9% last year compared to 2010," he said.

'"These cuts have destabilized private cardiology practices," he said. "A third of our patients are on Medicare. So these Medicare cuts are by far the biggest factor. Private insurers follow Medicare rates. So those reimbursements are going down as well."’

http://finance.yahoo.com/news/small-business-doctors-going-broke-101200127.html

Answer 1

How did you manage to use the words "Free Market" and "Medicare" in the same sentence?

They have absolutely nothing in common. Completely opposite dynamics.



You are sadly clueless as to how the whole Capitalism thing works. For one; Rich people don't get that way unless you give them the money. They don't take anything. Two; Cuts in Medicare will restrict service by reducing the number of Doctors, not profit margins. Three; When you increase the costs, and reduce the price of any given service, you get less of it. Not complicated.

Answer 2

1

Answer 3

Nope. Republicans view the midsection type simply by fact the enemy, simply by fact their needs forestall greater & greater tax cuts to the wealthy. think of if Medicare & Social risk-free practices did no longer exist in any respect - Republicans might prefer to credit that money to the wealthy interior the type of greater tax cuts (capital valuable properties, inheritance, earnings, company, and so on.).

Answer 4

Drug costs are too high. We need legislation that combats monopolies in the drug industry to bring costs down. Not create a system that gauruntees profits for the health care industry.



Costs of all this $hit would come down if the drugs were less expensive.

Answer 5

I think you need to cut back on the drugs! Medicare is the exact opposite of the free market. As a matter of a fact the free market hasn't had much to do with healthcare for a very long time.

Answer 6

Pluto, Medicare is a government run plan, get your facts straight....



Calm down Dude before you find yourself using some of those Medicare benefits. And your "facts" are still incorrect!!

Answer 7

Democrats took $500 billion from Medicare.

Answer 8

Average doctor makes over 150K a year. That sounds a long way from going broke.

Answer 9

Free market capitalism hasn't existed in medicine in the United States in years. It is among our most highly regulated industries.

Answer 10

Who created the cuts - the government no free market economy when the govt. is involved

Answer 11

Ive never meet a broke doctor in my life, plenty of broke parent's

Answer 12

Wait until Obamacare is in place, then get ready to see practicing physicians leave medicine in droves.

Answer 13

obamacare death panels eternal waits surly staff denied care



former US healthcare, the best in the world

Answer 14

"going broke"?





BWAHAHAHAHAHAHAHAAHAHAHAHA!





Here's an easy one for all those doctors (and farmers, and military contractors, and etc. etc. etc.):



If you don't like Government Money, DON'T ACCEPT IT.