Foundation for Economic Education
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Congress Could Lose Power to Set Medicare Rates

Posted By Sheldon Richman

“At the same time President Obama is asking members of Congress to take one of the most politically difficult votes of their careers, he is also pressing lawmakers to give up one of their most valued perks of office: boosting Medicare payments to benefit hometown providers. Setting reimbursement rates for local hospitals, doctors, home health-care centers and other providers is a legislative ritual that amounts to one of the most effective and lucrative forms of constituent service. Delivering federal money through Medicare, the country’s largest insurance program, can be a powerful tool on the campaign trail, allowing lawmakers to argue that they are creating jobs and improving the quality of health care for voters.” (Washington Post [1], Thursday)

This is soooooo Congress.

FEE Timely Classic
“Medicare: Prescription for a Fools Paradise” [2] by Dianne L. Durante and Salvator Durante


Article printed from Foundation for Economic Education: http://www.fee.org

URL to article: http://www.fee.org/articles/in-brief/congress-lose-power-set-medicare-rates/

URLs in this post:

[1] Washington Post: http://www.washingtonpost.com/wp-dyn/content/article/2009/07/15/AR2009071503929.html

[2] “Medicare: Prescription for a Fools Paradise”: http://www.thefreemanonline.org/columns/medicare-prescription-for-a-fools-paradise/

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