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Cecily Cecily

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The Doctors Who Control Medicare

American Medical Association organises a committee of doctors which meets secretly every few months to set prices that doctors everywhere charge Medicare for procedures — MRI, heart-stent insertion, etc. In effect, doctors themselves decide how much the government will pay them. In almost any other business, such price-rigging would be illegal. In health care, it’s both legal and horribly expensive (6,000 words)

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