Seven Habits of a Highly Entitled Health Care Industry
(Chapter 11 from Medicare Meltdown)
Medicare is known as an entitlement program for seniors over age sixty-five. It is also the largest and most lucrative entitlement-based program for the health care industry.
In 2011 the federal government redistributed nearly six hundred billion dollars from seniors and other taxpayers to hospitals, doctors, home care agencies, skilled nursing fac ilities, drug companies, device manufacturers, and other providers of services. Millions of seniors benefit every day, and their lives are better because of it. Nonetheless, a substantial portion of the money is wasted on excessive spending that does not help seniors and might cause more harm than good.
Republican congressman Paul Ryan from Wisconsin criticizes Medicare for creating a culture of dependence and entitlement among the public on government-run programs. Today, a senior on Medicare can expect to receive, on average, about $180,000 in Medicare benefits during his or her retirement years. This amount is lost in the decimal points of the billions in excessive, wasteful spending by the health care industry, which has an entitlement mindset and is dependent on Medicare.
An entitlement-based industry does the following:
Tolerates poor performance
Has reputational immunity
Seeks protection from political elites
Read the rest of Chapter 11: 7 Habits of a Highly Entitled Health Care Industry