Sunday, March 29, 2009

Editorial: An alarming symptom at Mayo

Clinic's bottom line shows Medicare overhaul can't wait.

Last update: March 22, 2009 - 8:57 AM

KEY FIGURES

• For Mayo's three locations in Rochester, Arizona and Florida, government-insured patients comprised about 44 percent of patients and 33 percent of patient net revenue in 2007 (2008 not yet available).

• Total number of Medicare patients seen at Mayo's three main locations in 2008: 179,000.

• The cost of doing a hip replacement vs. the amount Medicare pays (dollars lost): $3,800 per hip replacement.

Few commented on one chilling irony of the U.S. government's bailouts of General Motors and Chrysler. Not only are the carmakers grappling with shortsighted leadership and dated products, they've also shouldered massive costs for retiree health benefits. The United States has the same health care problem -- only bigger. Costs for the sprawling Medicare program for seniors are already unsustainable, with the biggest demographic group of all about to enroll. The first wave of baby boomers becomes eligible for Medicare in 2011....

Editorial: An alarming symptom at Mayo

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