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A dose o' reality for Penske
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Originally posted by Replaced_Texan
You're kidding, right? Medicare is the largest purchaser of healthcare in the country. Almost every single insurance company bases its reimbursement rates off of RBRVS. Every single hospital in the country seeks JACHO accreditation because they'd lose their Medicare dollars if they didn't. The Medicare cost report is one of the single most important financing tools for hospitals in the country.
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I was going to say the same, but I STP'd. Healthcare could scarcely be more regulated. The economic basis as set by CMS is very anti-market. When essentially the providers of about 75% of the long term care beds in the country go into Chapter 11 based in large part on one legislative amendment, I'd say there is a regulatory issue.
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Since I'm a righteous man, I don't eat ham;
I wish more people was alive like me
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