Comments on: Counterparties: Putting a price on illness http://blogs.reuters.com/felix-salmon/2013/05/08/counterparties-putting-a-price-on-illness/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: InfiniteThought http://blogs.reuters.com/felix-salmon/2013/05/08/counterparties-putting-a-price-on-illness/comment-page-1/#comment-46948 Thu, 09 May 2013 15:19:16 +0000 http://blogs.reuters.com/felix-salmon/?p=21661#comment-46948 I am a firm believer that the govt should use taxation to enforce discipline rather than put a complex regulatory framework.

I propose a 20% tax on all hospital bills which are more than 150% of medicare mean payment. For eg: “292-Heart Shock & Failure” , there were 222038 procedures where hospitals asked for 5.576B and Medicare paid 1.576B. That works to average payment of $7,098. The highest payment was $16,917. In that case, the hospital pays 20% of the difference ($1,963.7) per procedure as a medicare supplemental tax. For the Heart Shock & Failure, I estimated a tax collection of $27M. More than the tax collected, it will start behavioral changes in hospitals.

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By: nlucr1234 http://blogs.reuters.com/felix-salmon/2013/05/08/counterparties-putting-a-price-on-illness/comment-page-1/#comment-46947 Thu, 09 May 2013 15:07:54 +0000 http://blogs.reuters.com/felix-salmon/?p=21661#comment-46947 Shouldn’t some heads roll over the seemingly arbitrary prices in the health care industry? I assume since it has been going on so long they were just acquiescent to it. Have any hospitals responded to the huge disparities? Have any hospitals modified their prices (at least to the average)? Are their any high-priced outliers that should be targeted to justify their prices?

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