“US hospitals face a disincentive to improve care because they make drastically more money when surgery goes wrong than when a patient is discharged with no complications, a study published Tuesday found. An estimated $400 billion is spent on surgery in the United States every year. Privately insured patients with complications provide hospitals with a 330 percent higher profit margin than those whose surgeries went smoothly. Patients whose bills are paid by Medicare — a government insurance plan for the elderly and disabled — produced a 190 percent higher profit margin when complications arose following surgery.”
(Visited 29 times, 1 visits today)
Related posts:
UK troops deny mutilating Iraq insurgents’ corpses
EU Expands Russia Sanctions, Includes Aeroflot's Low-Cost Subsidiary
Study: Companies from emerging markets will shape global economy in next decade
Tax increases scare wealthy French into abandoning Paris, lowering prices
Trigger-happy NSA guards hospitalize three men who took a wrong turn
Gerard Depardieu claims world citizenship
Declassified Documents: NSA Spied On MLK Jr., Senators, Journalists
How An African 'Princess' Banked $3 Billion In A Country Living On $2 A Day
Police gun down 83-year-old woman in her backyard responding to 911 call she dialed
The $10 Hedge Fund Supercomputer That’s Sweeping Wall Street
Why the Working Poor and Banks Are a Bad Match
Swiss middle class real income continues to rise
Why Should Taxpayers Give Big Banks $83 Billion a Year?
Has the bull market in stocks become 'too big to fail'?
Bank of America to Pay $17 Billion in Justice Department Settlement