http://ift.tt/1sHX1gh
Steven Brill is at it again, railing against "gluttonous" profits in the hospital sector. However, actual profits in the hospital sector are quite modest. Moreover, such profits almost assuredly will plummet drastically were policymakers foolish enough to follow the letter of law under Obamacare by implementing the draconian cuts in Medicare payments to hospitals that are required by that misguided law. Worse, if we accept Mr. Brill's flagrantly inaccurate premise that hospital profits are "gluttonous" how in the world will we label the profits earned by physicians, lawyers and media companies--each of which have profit levels that are 2 to 3 times as high as the "gluttonous" levels that he decries? American physicians best look out: if Mr. Brill and like-minded reformers get their way in overregulating hospitals, physicians almost assuredly will be next on the chopping block.
from Forbes Real Time http://onforb.es/15VfMUy
Steven Brill is at it again, railing against "gluttonous" profits in the hospital sector. However, actual profits in the hospital sector are quite modest. Moreover, such profits almost assuredly will plummet drastically were policymakers foolish enough to follow the letter of law under Obamacare by implementing the draconian cuts in Medicare payments to hospitals that are required by that misguided law. Worse, if we accept Mr. Brill's flagrantly inaccurate premise that hospital profits are "gluttonous" how in the world will we label the profits earned by physicians, lawyers and media companies--each of which have profit levels that are 2 to 3 times as high as the "gluttonous" levels that he decries? American physicians best look out: if Mr. Brill and like-minded reformers get their way in overregulating hospitals, physicians almost assuredly will be next on the chopping block.
from Forbes Real Time http://onforb.es/15VfMUy
