Medicare Costs and Your Doctor Bills

Hosted by

Last year, Dow Jones persuaded a court to lift an injunction against the release of Medicare data, an injunction first granted to the American Medical Association in 1979.  Last week, as a result, there was a massive "data dump" that's being called a watershed moment in establishing greater transparency. That data data shows that some doctors get millions of taxpayer dollars more than others for similar treatments. A few were already under indictment for fraud, but others have explanations. We talk about that with the president of the American Medical Association. The AMA helps set prices for Medicare, which then become standard for all procedures. Does the system encourage doctors to enrich themselves? What have the data revealed about pharmaceutical companies? Can they inflate prices under the cover of law?