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- Aug 14, 2007
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The likely outcome is higher payouts than the standard medicare rates. The two trillion in savings was based on standard medicare rates, with a better payout we could be break even and everyone gets care. Not sure on issues like drug negotiations, right now the gov't can't negotiate prices, something congress could fix today bc it is completely assinine.1) Reduce the cost (and quality) of healthcare provided;
2) Increase the rates at which the government pays for services (ie, more debt and/or higher taxes); or
3) Cut back on nurses and doctors salaries.
If hospitals aren't run like for-profit institutions with tons of administrators making shitloads of dough anymore, I'll shed no tears. Also hopefully doctors do make a little less, because right now shitty practices like balance billing are legal in some states where they intentionally 'consult' when they are out of network during an unwitting patient's surgery for huge fees.