I read with much interest the report in Business Week that Mayo Clinic will, for a 2-year trial period, stop accepting Medicare patients at its primary care clinic in Glendale, AZ. Although individual physicians and physician groups have been opting out of Medicare for years, few large health care systems have taken this approach. According to the report in Business Week, Mayo lost $840 M in treating Medicare patients in 2008. Medicare patients who want to continue their care at this clinic will have to pay by some other means.
It's surprising to me that the mainstream media haven't picked up on this story. Medicare is a social contract between the government and seniors. If the third party in the equation, namely, the healthcare industry, refuses to participate then this becomes a major national problem.
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