Medicare pays doctors & hospitals 50% of actual charges. If everyone was put on Medicare, the medical system would collapse.
“Medicare pays doctors & hospitals 50% of actual charges. If everyone was put on Medicare, the medical system would collapse.”
(a) what’s to be said about “actual charges”. Should we assume they are reasonable?
(b) if everyone were put on Medicare, we and/or our employers would pay less, and our take-home pay would go up to compensate for the increased Medicare tax imposed on us.
I don’t favor the “everyone on Medicare” idea. I think somehow competition can be introduced into our medical arrangement.