Medicare doctors have a top 1 percent and bottom 99 percent of earners, too
Doctors who take Medicare patients are just like the rest of society: The top 2 percent rake in the lion's share of the money, earning almost exactly the same amount as the bottom 75 percent. The top 1 percent alone takes about 14 percent of the pie. We know this because of detailed records released by the Centers for Medicare and Medicaid Services on 880,000 doctors who received a total of $77 billion in 2012. Via The New York Times, here's how that money is distributed among physicians:
A single Florida ophthalmologist, Salomon Melgen, earned $20.8 million in Medicare payments in 2012, and nine other doctors brought in more than $10 million. Melgen, whose office the FBI raided in January 2013, is best known for political donations to Sen. Robert Menendez (D-N.J.) and lots of prominent Florida politicians. (Melgen maintains he did nothing wrong.) The New York Times has a searchable database if you're interested in how much your doctor is reimbursed by Medicare.
Why are we only getting this data now? The American Medical Association won a court injunction in 1979 to prevent the release of doctor-specific Medicare billing information. After a federal judge vacated that order in 2013, the AMA declined to challenge the ruling. The Wall Street Journal, which offers a more detailed history of that fight, also has this chart showing how much each type of specialist typically earns each year:
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Every fiscal cycle Congress passes a "doc fix," which eases cuts in Medicare payments automatically scheduled under 1997 legislation designed to tame the budget deficit. (The latest "doc fix" was passed about a week ago.) Maybe this information will give lawmakers the tools to better target those cuts.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Peter has worked as a news and culture writer and editor at The Week since the site's launch in 2008. He covers politics, world affairs, religion and cultural currents. His journalism career began as a copy editor at a financial newswire and has included editorial positions at The New York Times Magazine, Facts on File, and Oregon State University.
-
7 drinks for every winter need possible
The Week Recommends Including a variety of base spirits and a range of temperatures
By Scott Hocker, The Week US Published
-
'We have made it a crime for most refugees to want the American dream'
Instant Opinion Opinion, comment and editorials of the day
By Anya Jaremko-Greenwold, The Week US Published
-
Was the Azerbaijan Airlines plane shot down?
Today's Big Question Multiple sources claim Russian anti-aircraft missile damaged passenger jet, leading to Christmas Day crash that killed at least 38
By Harriet Marsden, The Week UK Published
-
Nobody seems surprised Wagner's Prigozhin died under suspicious circumstances
Speed Read
By Peter Weber Published
-
Western mountain climbers allegedly left Pakistani porter to die on K2
Speed Read
By Justin Klawans Published
-
'Circular saw blades' divide controversial Rio Grande buoys installed by Texas governor
Speed Read
By Peter Weber Published
-
Los Angeles city workers stage 1-day walkout over labor conditions
Speed Read
By Justin Klawans Published
-
Mega Millions jackpot climbs to an estimated $1.55 billion
Speed Read
By Catherine Garcia Published
-
Bangladesh dealing with worst dengue fever outbreak on record
Speed Read
By Catherine Garcia Published
-
Glacial outburst flooding in Juneau destroys homes
Speed Read
By Catherine Garcia Published
-
Scotland seeking 'monster hunters' to search for fabled Loch Ness creature
Speed Read
By Justin Klawans Published