The Medicare spending we should be concerned about
Here are the payment figures that really caught my eye:
- $12 billion spent on outpatient visits in 2012, with average reimbursement of $57 per visit. This is out of a total Medicare spending of $600 billion for the year.
- $77 billion overall paid to doctors and health care providers. (Unclear to me whether this is just Part B, or also includes payments to doctors during hospitalizations.)
- $13.5 billion spent on “commercial entities like clinical laboratories and ambulance services.”
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