Prior to the introduction of LASIK, cataract surgery was the bread and butter of the ophthalmologist’s practice. In the United States in the 1990s, Medicare made a series of cuts to cataract surgery reimbursements. In response, eye surgeons, scrambling for a new income stream, turned to the more lucrative practice of LASIK.
Refractive surgery may yet live up to its early promise and support the rest of the practice — the way cataract surgery used to.
– Dr. Charles Casebeer, Senior Medical Monitor for early clinical trials of LASIK.