In a monumental transparency effort, the Center for Medicaid and Medicare Studies has released Medicare payment data covering $77 billion given to 880,000 practitioners in 2012.
For the first time in 35 years, the public can see how and where their Medicare tax dollars are being spent. The American Medical Association has fought this release for years, fearing that people would jump to misinformed assumptions about the data.
According to Bloomberg, Medicare paid nearly 4,000 physicians $1 million or more each in 2012:
The listing, gleaned from 880,000 providers paid by Medicare, was released this morning. The data, the first look at physician payments by the agency in more than 30 years, showed that most spending fell to a small group of doctors, with less than 3 percent taking in about 28 percent of the $64 billion paid out to individual providers.