Of course it's negotiated down ... but it's not fiat pricing with the gov't
telling the provider here's how much we pay for XYZ, now either accept medicare or don't (footnote: refusal is not an option with medicare for all). Medicare patients are the Groupon customers for a restaurant. A restaurant could never survive on Groupon customers only. In any case, since you asked, here's a summary of the relevant CBO reports (link)
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In response to this post by 111Balz)
Link: https://www.healthcaredive.com/news/cbo-reports-show-private-insurers-pay-physicians-hospitals-far-more-than-m/445949/
Posted: 09/16/2019 at 09:49AM