Where Does All the Healthcare Money Go?
Categories: Admin/Management, Reimbursement
Why is the cost of healthcare going up when doctors’ reimbursement keeps going down?If doctors are getting paid less and less by managed care insurance companies, why is the cost of healthcare rising exponentially in the country? Just look at the stock returns of these same insurance companies. And while physicians on average have seen about a 95% decrease in reimbursement in the last ten years, compare this to the compensation of the CEOs of these companies: $358 million for one CEO of a health insurance company.
If you add the total compensation of the top ten insurance company CEOs, this equals 1/900 of the total healthcare expenditure of the United States. In other words, 1/900 of all the money spent on healthcare in the US goes to ten people.
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