Fortunately in the “eleventh hour”, President Obama and Congress consented to renewing the Doctor Fix for another year. This is an agreement to avoiding the 26.5% slash in Medicare reimbursements that is mandated by the SGR (sustainable growth rate formula). The fiscal cliff is also averted by postponing the added 2% sequestration in Medicare reimbursements [...]
Each year, physicians and other healthcare providers must sweat out the reimbursement schedules and whether or not the infamous slashing of payments will take effect. Last year, as you will recall, doctors were in jeopardy of having 23% cuts for services rendered until at the eleventh hour, the “doc fix” prevented these cuts. This, too, [...]
The Senate side-stepped a catastrophe to senior healthcare this month as it passed the “doc fix”, legislation sponsored by Harry Reid and Sen. Max Baucus, which slashes Medicare reimbursements to physicians by 25%, slated for January 1. Instead, the Medicare reimbursements will remain the same. At least, this is what everyone hopes will take place [...]
The following article by Ed Morrissey is being reprinted for those that did not have the opportunity to view it. This is yet another reason why it is time to repeal Obamacare before healthcare self- destructs. Deficit Commission: ObamaCare Savings Are A Myth Ed Morrissey | December 2, 2010 AOL Opinons editor John Merline notes [...]
We’ve come to the time when Medicare rate slashing would be activated. Once again, however, the “Doc Fix” has come into play. The 23% cut to Medicare reimbursement for doctors has been postponed by a unanimous vote in the Senate….but only for one month from December 1 to January 1. The 2.2% raise stipulated in [...]
The Medicare debate and the whim of Congress is sending a message that Medicare is or will be very unreliable. Physicians who depend on Medicare by as much as 31% of income to cover expenses will (or are currently) questioning the wisdom of being providers of Medicare. Although the promise of a permanent “doc fix” [...]
Today President Obama signed into law the Preservation of Access to Care for Medicare Beneficiaries and Pension Relief Act of 2010, more commonly known as the “doc fix”.This defers the slashing of Medicare reimbursements to doctors by 21.3% for services rendered as of June 1. However, this “reprieve” is only in effect until November. Mr. [...]
