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 ...
An anti-science FDA is a threat to our health and prosperity
The U.S. Food and Drug Administration supposedly “implements gold standard science.” Yet the agency appears to relish obstructing scientific progress. Earlier this month, Vinay Prasad, the director of FDA’s vaccine division, rejected Moderna’s application for a new mRNA flu vaccine for adults 50 and older on dubious grounds. The FDA claimed that the application did not contain an “adequate and well-controlled” trial, but that is nonsense. Not only is the trial consistent with the agency’s ...
Medicare’s ‘efficiency’ cut will reduce access, not costs
Many physicians received another pay cut this year, courtesy of Medicare. Under the program’s new physician fee schedule, Medicare reimbursement for the vast majority of physician-provided services will effectively decline by 2.5%. Medicare officials justify the change as an “efficiency adjustment.” The theory is that doctors have gotten more productive over time — and therefore do not need to be paid as much for each unit of work. That conclusion is detached from reality. Medicare ...
Trending Topics
Studies
