Tuesday, October 11, 2016

Trust your physicians.

The reason insurers, and Medicare, would rather pay more, than less, for an exam,
 that is cut off their nose to spite their face, is that they don’t trust physicians.
 They don’t trust physicians
because fifty years of health economics has yielded a spectacular insight;

 physicians, like crack dealers, are guilty of supplier-induced demand.

This meme is now structurally embedded in payers.

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