Thomas Ramey Watson

To Save Medicare, Free It From Its Captors

The months-long Center for Public Integrity investigation into the Medicare program has uncovered a textbook example of the expensive consequences of what’s known as “regulatory capture.” Doctors and hospitals are likely being overpaid billions of dollars, which is hastening the depletion of the Medicare trust fund, because lawmakers and regulators put lobbying and professional groups representing health care providers in charge of writing the rules that determine reimbursement.

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