"One ophthalmologist from West Palm Beach, Fla., collected nearly $21 million, while a cardiologist from Ocala, Fla., received $18 million in 2012. Seven doctors pulled in more than $10 million in payments, while nearly 4,000 are Medicare millionaires.For instance, the data doesn't reveal the conditions of the patients. Also, doctors don't always get to keep the entire payment since they may have to reimburse drug companies or other providers for part of the service.This is one reason why oncologists and ophthalmologists rank so high, said Medicare officials. These doctors often use expensive drugs in their treatments. Medicare pays the doctor 106% of the cost of the drug. The physician pays the pharmaceutical company for the medication, but keeps the additional amount for himself."
UPDATE: This comment bears mention for another reason:
"Seven doctors pulled in more than $10 million in payments, while nearly 4,000 are Medicare millionaires"
CNN money and the media in general, confuse Income with Net Worth all the time as well.
If you have a Million dollars in assets (stocks, bonds, real estate) you are a Millionaire. If you make a Million dollars a year, you may or may not be a Millionaire - it is just how much you make not what you are worth. If you spend more than you make, you could make a Million bucks a year and be dead broke.
And again, this "Million dollars a year" is your Gross Income, not your take-home pay which could be less than half that - may far less.
But you see where CNN is going with this - the class warfare thing. And they have coined a trendy name that they hope will get traction - "Medicare Millionaires".
Pretty sick stuff - to bash doctors and publish misleading information, all for the sake of sensationalism and ratings, ratings, ratings.
Gee, how much does the head of CNN make these days? And I'll bet he never went to medical school.
How much is "Dr. Sanjay Gupta" paid by CNN to not be a Doctor anymore?