I almost posted this over a month ago, but didn't have time to smoothly tie this to Bush Economics, although the link is there.
Medicare has always had the power to reimburse whatever it wants for equipment. Rather than cut rates and take the heat, they came up with a cockamamie process that does more to drive small companies out of business and reduce choice than anything else.
The New York Times has chosen to attack the messenger, rather than a flawed process, claiming that our industry's lobbyists (until lately, I think we had 2) are unduly influencing Congress. We have always been the neglected step-child of Medicare, accounting for about 2% of expenditures. We have never had effective lobbyists until now, when the problems are so widespread, and the losers, once again, are everyone but large corporations.
What follows is a screed on this process; a process that has been fraught with fraud and incompetence.
First, a link to the Times editorial:
http://www.nytimes.com/...
Read More