Quote:
Originally Posted by retiredguy123
What you are suggesting is a "cost plus fee" Government contract. When I worked in the Federal Government, cost plus fee contracts were the most expensive ways to procure any product or service for the Government. The best and most economical way to get a product or service was to use a fair and competitive bidding process. If you think that Medicare billings and payments have a lot of fraud and overcharging in them now, just wait until you try to reimburse health providers for their actual costs plus 15 percent.
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Maybe, I am not the smartest person when it comes to the details. I am trying to show possible alternatives to what is not working and is going to bankrupt the country while a few companies get excessively rich.