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Economic Considerations In Healthcare Decision Making

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...and certainly retains a place in the health care of the nation’s elderly, disabled and indigent. It has come to control all of U.S. health care, however, a result that the government did not intend when establishing Medicare in the 1960s.
At present, Medicare virtually rules all of American health care by virtue of its influence on private insurers. It directly influences the degree to which health care costs rise in that it establishes what it will and will not pay for goods and services. Medicare Managed Care’s fee schedule provides guidelines for private insurers, and they set their acceptable fees at similar levels.
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