Thursday, February 2, 2012

How Medicare drives the whole health care system

Interesting article from Slate about how changes in Medicare compensation have driven up the costs of health care for everyone else.

In summary Medicare significantly underpays hospitals for the cost of their services, thus hospitals need to charge a higher rate to private insurance companies and individuals so they can stay in business. So yeah its really just one giant hidden tax. I have no problem with wealth redistribution via taxation, just redistribution via hidden taxation.

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