“Hospitals Stand to Lose Billions Under ‘Medicare for All’” – The New York Times

medicare for allProponents held up signs as Senator Bernie Sanders introduced the Medicare for All bill in Washington this month.” Credit: Aaron P. Bernstein/Reuters

by Reed Abelson

“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 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.

“If Medicare for all abolished private insurance and reduced rates to Medicare levels — at least 40 percent lower, by one estimate — there would most likely be significant changes throughout the health care industry, which makes up 18 percent of the nation’s economy and is one of the nation’s largest employers.”

Keep reading this New York Times article, click here.

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