Forbes September 18, 2020
The second largest federal agency is in the market for a service sought by every company on the stock exchange. Who gets the best deal? Don’t assume the bureaucrats lose out to the free market competitors. As the findings of a new RAND study suggest, when it comes to buying health care services, the jumbo agency—the Centers for Medicare and Medicaid Services (CMS)— gets the sweetest deal, and the businesses are the chumps. According to the study, employers nationally pay two and half times what Medicare pays for the same services provided at the same hospitals, in every state, every county, and every health system.
Researchers in the past have noted the pricing discrepancy between Medicare and private sector payors....
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