Posted on 02/22/2013 9:44:29 PM PST by Seizethecarp
The shortage of psychiatrists in SW FL is so severe that they are able to refuse to accept Medicare participation and still fill their appointments with wealthy patients.
So poorer seniors won’t be able to “keep your doctor” if he dumps Medicare, which happened in my family on Jan 1, 2013.
When profits are 26% of revenue, they are doing a lot more than charging for those who cannot pay.
Although it is officially a nonprofit unit of the University of Texas, MD Anderson has revenue that exceeds the cost of the world-class care it provides by so much that its operating profit for the fiscal year 2010, the most recent annual report it filed with the U.S. Department of Health and Human Services, was $531 million. That’s a profit margin of 26% on revenue of $2.05 billion, an astounding result for such a service-intensive enterprise.
In fifty years, it will make little difference if old Martha dies in 2013 or 2018. Either way, Martha will be gone and probably forgotten. However, if in fifty years, taxpayers are still paying for Martha's extra five years, that will make a difference. Right now, our country is becoming flooded with old Marthas.
If old people want to spend a lot of money to unnecessarily extend their miserable lives, it should be their own money. The taxpayer is tapped out.
Expensive, wasteful spending to unnecessarily extend lives should be left up to the individual on a "pay as you go" basis. Pay as you go - and, when you stop paying, it's time for you to go.
If you think health care is expensive now, wait until you see what it costs when it's free. -- P. J. O'Rourke
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