The @WaysandMeansGOP held a hearing on the impact of rising health care costs on patients and families.
We have to have serious reform of health insurers, pharmacy benefit managers, and their subsidiaries to reduce the cost of healthcare.
Here are some facts about money in healthcare that most people in congress, and many doctors, don't realize-
1. Doctors don't get a tax write-off for charity care or unpaid bills
2. Medicare hasn't increased payment rates to doctors since 1992
3. Seeing a hospital-employed doctor costs twice as much as seeing a private doctor in the same office building, because of facility fees
4. We spend $50-60 Billion per year in facility fees for office visits, enough to fund ACA subsidies and finally tie physician payments to inflation, and still have $ leftover
5. After overhead and taxes, a surgeon takes home about $300 for doing a complex 3-hour revision hip replacement
6. Doctor and nurse salaries account for a smaller portion of Healthcare spending in America than in our peer countries (Combined 16%)
7. Total Administration spending in America is 30% of Healthcare costs, which is substantially higher than any other country (Singapore is 3-5%)
8. Healthcare administrator salaries have tripled since 1992, while physician payments per work-RVU from Medicare have increased 3%
Got any more to add?
Want to solve the rural healthcare crisis in America?
Just get out of the way and let physicians solve it.
You don't need new subsidies that will just be directed by politicians towards their buddies in large consolidated hospital systems.
Let physicians build hospitals and solve it. Look at Doctor's Hospital Renaissance in the Rio Grande Valley. Built by physicians, this hospital serves its community, with doctors practicing where they grew up.
That's all you need. Doctors desprately want to build new hospitals. They want to serve their communities. They want to provide high quality care at low cost without the administrative bloat that is destroying their profession.
Physician ownership of hospitals was outlawed in the Affordable Care Act, and now, for over a decade, physicians have been blocked from solving the the problem of rural healthcare.
Just let doctors build.
See our latest in @BeckersSpine below
For a 28-year-old man living with tetraplegia from a motor vehicle accident, "Literally everything changed,” he says, describing life after participating in a nerve transfer surgery study.
Read here: https://t.co/vr1pHt7eTo
#LifeChangingScience#MiamiProject#UMiamiMedicine
Amazing graduation celebration last weekend. Thank you to all who have supported me throughout the journey. Looking forward to what’s lies ahead!! @ Miami Beach, Florida https://t.co/DVaGuR3ylp