Skip to content

Some Few Doctors Get Very Rich From Medicare

2014-04-09

A story in today’s New York Times online exposes the incredible amount of money a few doctors get from Medicare: “In 2012, 100 doctors received a total of $610 million…” and “About 2 percent of doctors account for about $15 billion in Medicare payments, roughly a quarter of the total…” and finally, “Only a quarter of the doctors are responsible for three-quarters of the spending. ”

Most of these doctors are oncologists, cardiologists, and ophthalmological surgeons.  Medicare pays a lot of money for certain eye procedures, particularly injections of medication into the eyes for macular degeneration.  Much of this money goes to pharmaceutical companies because the payments represent, in part, reimbursements for drugs given to patients; the drug companies charge enormous rates for injectable drugs used in chemotherapy in doctors offices as well as the drugs injected into the eye.

The Times has produced a database showing what Medicare payments all doctors received in 2012, so you can look up your doctor and see how much he/she got.

 

To read the article, go to: http://www.nytimes.com/2014/04/09/business/sliver-of-medicare-doctors-get-big-share-of-payouts.html?hp

Advertisements
No comments yet

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: