How does President Obama plan to save money for Medicare? According to Richard Foster, the Medicare chief actuary, in the 2010 Medicare Trustees Report, projections for decreases and savings in Medicare spending are totally unrealistic because providers cannot cope financially with the cuts and meet their expenses. The prices paid by Medicare for health services [...]
As if the issue of slashing Medicare reimbursement by 21% is not bad enough, the government is trying to get the money that you have already received for services rendered. On March 10th, President Obama issued a directive expanding the use of “payment recapture audits” to identify and recover overpayments. Companies are being hired as [...]
According to healthcare supporters, Stark Laws intruded into medical practice and caused obstacles in managed care networks. President Clinton agreed and vetoed the regulations in 1995. Now we can fast-forward to the present. Starting October 1 of this year, The Centers for Medicare and Medicaid Services (CMS), ban fee payments in space and equipment leases [...]
As of October 1,2009, the Stark Laws have been modified and noncompliance can lead to hefty fines and penalties. To fully understand what the Stark laws are, one must digress for a moment to the initial phase. The Stark law, named after Congressman Pete Stark who sponsored the bill, deals with physician self-referral of Medicare [...]
