Comments on: MedPAC has spoken http://www.kevinmd.com/blog/2007/03/medpac-has-spoken.html Tue, 14 Feb 2012 11:46:00 +0000 hourly 1 By: Anonymoushttp://www.kevinmd.com/blog/2007/03/medpac-has-spoken.html#comment-72426 Anonymous Sat, 03 Mar 2007 05:00:00 +0000 http://clients.emmense.com/kevinmd/2007/03/medpac-has-spoken.html#comment-72426 Medpac has one thing wrong. There is not a techinical fix to "mis-valuation" of services. Only prices freely floating in a free market can set the economic value of anything. If they just let Medicare pay valuing the services as best they can--but leave physicians free to balance bill as they choose with whatever patients they choose, within short order the market place will tell you where and by how much Medicare is missing the mark. <br/><br/>Apparently taking histories is one thing undervalued now--because no one is doing it. Medpac has one thing wrong. There is not a techinical fix to “mis-valuation” of services. Only prices freely floating in a free market can set the economic value of anything. If they just let Medicare pay valuing the services as best they can–but leave physicians free to balance bill as they choose with whatever patients they choose, within short order the market place will tell you where and by how much Medicare is missing the mark.

Apparently taking histories is one thing undervalued now–because no one is doing it.

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