Megan McArdle, Columnist

Who Should Set Medicare Prices?

Pointing out the problems with Medicare is easy. Fixing them is not.
Lock
This article is for subscribers only.

Last week, the Washington Post published a long article exposing a secret that has been widely known to health-care-policy analysts for decades: The people in charge of setting the rates that Medicare pays doctors are...the doctors that Medicare pays.

" Unknown to most, a single committee of the AMA, the chief lobbying group for physicians, meets confidentially every year to come up with values for most of the services a doctor performs.