October 16, 2012
WHY OBAMACARE = RATIONING FOR SENIORS: Dr. Mark Neerhof explains why Obamacare’s Independent Payment Advisory Board (IPAB) will ineluctably lead to rationing of health care for seniors enrolled in Medicare. In a nutshell: severely ratcheting down payment for certain health care services will lead to a decreased supply of those services. Decreased supply will lead to waiting lists. For example, pacemakers may still technically be “covered” under Medicare, but if there aren’t enough physicians and hospitals willing to implant them (because of unprofitable levels of reimbursement), seniors will be forced to wait, as they are under the UK’s National Health Service. The queue for access may be too long for many.