As the most reliable and balanced news aggregation service on the internet, DML News App offers the following information published by NYTimes.com:
For a patient’s knee replacement, Medicare will pay a hospital $17,000. The same hospital can get more than twice as much, or about $37,000, for the same surgery on a patient with private insurance.
Or take another example: One hospital would get about $4,200 from Medicare for removing someone’s gallbladder. The same hospital would get $7,400 from commercial insurers.
The article goes on to state the following:
The yawning gap between payments to hospitals by Medicare and by private health insurers for the same medical services may prove the biggest obstacle for advocates of “Medicare for all,” a government-run system.
Private insurers pay hospitals significantly more than Medicare for the same medical treatment. The gap may prove to be the biggest obstacle for advocates of “Medicare for all." https://t.co/yQal4INowg
— The New York Times (@nytimes) April 21, 2019
"Medicare for All" means sticking it to the entire health care industry — not just insurers and drug companies, but hospitals too.
It's not a bad idea. It's also not easy to pull off. https://t.co/k7woywMKwW
— Jonathan Cohn (@CitizenCohn) April 20, 2019
— Reed Abelson (@ReedAbelson) April 21, 2019
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