Imagine you had access to your doctors’ vital statistics. For example, how much they charged Medicare for a certain procedure — kind of like statistics on baseball players. Such data was recently released by the federal government.
Jean Mitchell, who teaches public policy at Georgetown, says for many doctors, “Their patients will be quite surprised by how much money they’re making, and the volume of procedures performed.” Mitchell also says the new data could spotlight conflicts of interest, like when a doctor who owns an MRI machine orders lots of MRIs.
But some doctors worry the new information will be taken out of context — and they point out that Medicare patients need lots of tests:
“Sixty percent of all Medicare patients actually have three or more medical conditions. Our patients are extremely complex” Dr. Reid Blackwelder, president of the American Academy of Family Physicians.
Marketplace is on a mission.
We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.
Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?