Forbes magazine’s medicare piece on how medical costs increase due to corporate lobbying for CT scanning coverage that drives equipment sales, reveals the market’s reaction:
Congress: “…tried to rope in runaway Medicare costs by dramatically cutting imaging payments in outpatient settings…”
Private Insurers: “…Companies like CareCore Radiology, American Imaging Management and National Imaging Associates cropped up to […]
Forbes magazine’s medical industry piece “Cranking Up the Volume” comments on GE’s lobbying efforts for medicare coverage for CT scans enabling sales of CT scanning equipment:
“The party has gone on too long”.
Apparently, excessive coverage for CT scans has led to over doing and “over” covering the scans, thus increasing medical costs:
“Radiologist David Gruen used to […]
Forbes magazine recently wrote about the medical industry in “Cranking Up the Volume“. Presumably, higher “volume” means more visibility into the processes behind medicare, medical equipment, and diagnosis. My contention is that our medical costs will go down if we can increase competition. Competition usually comes into play when information becomes available- information about services, […]
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Written by Kim Beasley [email] for b5media.
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