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When doctors set their own pay: Our view
USA Today

Some of the most important players in setting the rates that Medicare and private insurers pay doctors are — surprise — doctors themselves. And — no surprise — certain procedures end up costing more than they should.Here’s how the system works: A little-known committee run by the American Medical Association, the trade association for doctors, analyzes thousands of procedures that doctors perform and recommends “relative values” to Medicare. More often than not, Medicare accepts the AMA data for its own complex process of setting doctor reimbursement rates.

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