The Regulatory Threat From Payment Do-Overs And Un-Economical Reimbursements
The Centers for Medicare & Medicaid Services issued an update to the home health payment system on June 22nd. This proposed rule, rife with legalese and sheer complexity, should be held up as Exhibit A for why socialized healthcare schemes such as Medicare for All will never work.
The proposal’s obsessions with “aggregate expenditures” and “overall utilization” reveal one of the fundamental flaws of government-run healthcare – the belief that bureaucrats can efficiently serve individual’s needs by imposing aggregate caps and regulations based on population averages. In practice, government run healthcare inevitably implements uneconomical rules that harm patients and undermine providers’ ability to practice medicine.Read More