Thursday, September 3, 2009

Feds to slash Medicare for heart patients by $1.4 billion

The federal government already controls Medicare and (to a lesser extent) Medicaid. Doctor reimbursements for those programs are abysmally low, and fewer providers are accepting Medicare/Medicaid patients.

Now it turns out that the Feds are set to make Medicare an even worse deal for cardiac doctors, by slashing $1.4 billion in reimbursement. This is the stuff that state-run health care is made of, folks. The private sector can always create wealth, but the state has a fixed amount of money to work with. State monies are always zero-sum.

This kind of thing will happen more and more, regardless of whether ObamaCare is passed, so long as the government runs or funds health care. That's just a fact.

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