New Study: Medicare’s Price Controls Are Fueling America’s Growing Doctor Shortage
The Pacific Research Institute’s Center for Medical Economics and Innovation today released a new issue brief warning that continued federal underpayment of doctors is fueling a looming healthcare crisis by accelerating the nation’s physician shortage and undermining access to care. Written by PRI senior fellow in business and economics and CMEI director Dr. Wayne Winegarden, the brief (titled “It’s Time for Medicare to Stop Shortchanging Physicians”) finds that Medicare reimbursement rates are well below market ...
In the rush to hold insurers to account, don’t forget about hospitals
When asked to account for the skyrocketing cost of health coverage before two House committees last Thursday, the chief executives of five of America’s largest health insurance companies pointed fingers. Don’t look at us, they said. Look at hospitals and drugmakers. Read the op-ed here.
Healthcare Reform Should Take Aim at Hidden Prices
Effective healthcare reform should address the persistent problem of a system that hides prices, shields middlemen like pharmacy benefit managers and insurers from accountability, and leaves patients with little real leverage. Reforms can lower healthcare costs by increasing transparency, expanding competition, and reducing the influence of middlemen whose practices operate largely out of public view. Markets work poorly when prices are hidden. Healthcare is not a typical market, but it is still shaped by incentives. ...
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