Is 30 Percent Really Wasted? | Gooznews

Image via Wikipedia

by GoozNews

A new Medicare Payments Advisory Commission study of variation in government health care spending has dealt a serious blow to assertions that 30 percent of Medicare is wasted.

By controlling for differing prices and physician payment rates, the respected MedPAC looked was able to look at service usage rates in every metropolitan area in the country. It then compare them to the national average.

It found the vast majority were within 10 percent of average, with mostly rural and small metros averaging in the low 90-percent range and mid-sized and some large cities accounting for most of the high-spending regions, but usually less than 10 percent the mean.
Continue Reading