“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.”
Related posts:
Top general: Syrian rebels do not support U.S. interests
Faber: Fed could up QE to $1 trillion a month
Refined carbohydrates can trigger food cravings, study says
(Sm)art Investing: Rich Move Assets from Banks to Warehouses
Homeland Security's Future Home: A Former Mental Hospital
Border property owners livid after feds seize their private land
Venezuela just defaulted, and you may own its debt
Italy’s anti-austerity ‘rebellion’ promises to spread
Illinois Debt Takes Toll On Services, Study Finds
Lawsuit against police over Radio Shack strip search settled
Ireland is cool for Google as its data servers like the weather
Czech pharmacies begin selling medical marijuana
Fast-food worker wage protests spread to Detroit and St. Louis
U.S. warns Egypt of return to ‘bad old days’ of Mubarak
City sued after officer shoots unarmed man, mistaking shorts for a gun