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August 2011 Archives

Medicare Patient Care: Balancing Costs and Benefits

If you're over 65, taking a vacation and worried about the rising costs of Medicare, it may be better to visit the balmy beaches of Honolulu than the steamy white sands of Miami. It will cost the federal government $5,186 more fund a Medicare procedure in Miami than it will cost to perform the identical procedure in Honolulu. This discrepancy, along with the expected rise in the cost of Medicare in general, is why the federal government plans to institute a "value-based purchasing" plan for one of the nation's largest public healthcare systems. Questions surrounding this plan center on cost v. quality of care and the potential for increased physician negligence.

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