Heather Carlson reports on Mayo Clinic’s serious problem with the Senate’s Medicare expansion ideas at the Post-Bulletin.
“To grow the public plan that is already crumbling will be bad for citizens of this country,” said Mayo Clinic President and CEO Dr. John Noseworthy.He said the clinic already loses $800 million treating Medicare patients because of low reimbursement rates. He estimates that offering a buy in Medicare option for people age 55 and older would mean an additional $600 million in annual losses.
“Medicare has not been able to control the growth in spending with that model. If they extend that model to more people, we will bankrupt the country even faster than it has already occurred with regard to health care,” said Mayo Clinic CEO Emeritus Dr. Denis Cortese.