“Medicaid pays doctors/hospitals 50% of what medicare pays”
Appears to be .66 overall according to this table:
http://kff.org/medicaid/state-indicator/medicaid-to-medicare-fee-index/
Interesting table. Some more rural states have Medicaid that pays more than Medicare. Much variability among states and what is being billed.
Bottom line is that if physicians are shying away from Medicare, what happens when you offer them 2/3 of an already crappy rate?