For Obamacare to succeed, American doctors need to earn less money.
Last week, Washington took a step in that direction. One of Medicare's influential advisory boards recommended that payment rates to providers be sanded down. …
The proposal went well beyond past attempts by the Medicare Commission to try and bring outpatient fees more closely in line with the rates paid to hospitals for the same services. Citing an "increased urgency," the Commission said that the "current payment disparities had created incentives for hospitals to buy physician practices, driving up costs for the Medicare program and for beneficiaries."
This reckoning was inevitable. Physician reimbursement needs to come down to accommodate Obamacare.