When you face surgery you want to know that your surgeon is one of the best. I think most of us would agree that they should be paid well for what they do. This is why I write this post. Medicare is the government sponsored health insurance for retirees. That means when you turn 65 you are eligible for MediCare. This insurance is paid for by the US government. It is based on your working history and/ or your spouses working history. When you study your paycheck you will see the amount of money held out to pay for this benefit. Over the years this benefit has been expanded to include many other people. I am not going to try and address all of the aspects of Medicare. What I do want to address is how it will effect our medical world. If you are facing surgery or are ill, you want to know that your physician is capable. With that thought, you want to know they are paid well.
I was alarmed by the actual pay for my recent knee replacement. The surgeon who performed this surgery was paid $1,365. Compare this to a cost of a dental implant !! I am not going to battle the payment but I do want to point out that this low pay will discourage new physicians. In today’s world doctors are required to go to at least 7 years of schooling plus interning time. Their malpractice insurance is an overhead that can’t be ignored. I do know that dentists have some of the same financial burdens. I do not feel their worth is less.
Medicare sets the bar for how much something should cost. Our country has a very large number of Medicare patients. When the current administration actually wants to expand Medicare to age 60 or less. Ultimately this will effect the number of physicians available to everyone. When a college student considers a career they do consider wages. Remember the education debt they have to pay back! The low reimbursement for their work is a problem for all of us.
My belief or non belief in the current administration does not change this issue. The Medicare erosion has been going on for some time. We need to pay more attention to this issue.