Do Physicians Need a Raise?
Note: Medicare spending for physician fee-schedule services grew by 73% — from $37 billion to $64 billion — from 2000 to 2010, more because of growth in the volume and intensity of services than because of fee increases. The Medicare Economic Index is a measure of inflation in practice costs. Data are from MedPAC.
This proves you can’t keep a good doctor down.
The term “physician fee-schedule” makes me cringe.
Can you imagine what would happen if Congress created a “plumber fee-schedule” or an “Apple iPod fee-schedule” to regulate other overpriced products and services?