When medicare came in, almost no one had health insurance. After it came in, everyone wanted health insurance and when the majority of people were no longer footing the bill themselves, those bills started rising. As a result, we have what we have now.
From chiropractors to brain surgeons, the medical industry is robbing us.
First of all when it comes to Medicare it’s not the doctors that set the fee schedule, it’s Medicare and what the doctors get versus what is billed is quite low. Then tack on the heavy cost of malpractice insurance and you will realize why there are so few, relatively, having private practices. The doctors generally work for large insurance companies such as Kaiser, or as employees for a large medical group and take a straight salary...that’s why you get hustled out pretty quick at the doctors because just like a busy restaurant it’s all about turnover.