Monday, January 09, 2006

More Innumeracy and Illogic from the Left, a leftist blog, features a "Daily Indicator," Here's today's:
Percent of physicians accepting new Medicare patients, despite congressional cuts to Medicare reimbursement fees: 73
The link is to a Yahoo! News article about the findings of a study which
suggests that doctors would not quit seeing Medicare patients if Congress had gone ahead with a proposed 4.4 cut in reimbursement rates in 2006. . . .
Presumably, "Paine" thinks that such findings attest to the benefits of regulation in general and socialized medicine in particular. The study's clear implication, however, is that Medicare overpays doctors. That's unsurprising, given the tendency of regulatory bodies to identify with the industries and professions they are supposed to regulate.