Quote:
Originally Posted by sunnyatlast
....Medicare and Medicaid represent 55% of care provided by hospitals, with Medicare paying only 91 cents for each dollar spent caring for Medicare patients. 64% of hospitals are paid less than the costs of services provided to Medicare patients. The Medicare funding shortfall for hospital care exceeds $18 billion dollars....
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It should be noted that these numbers are only accurate if you assume the rates billed by the hospitals represent the actual cost of care. I don't think you will find anyone who believes that, including the hospitals.