Large Pay Cut For Doctors By Medicare And Medicaid Services

Medical News Today:

A long awaited cut in physician pay has been proposed by the CMS (Centers for Medicare andMedicaid Services) in its Medicare Physician Fee Schedule in calendar year 2012. The CMS has been told to base its fee schedule on current payment rules, which effectively means a 29.5% drop in reimbursements starting in 2012 – CMS said it used the SGR (Sustainable Growth Rate) formula when making its calculations. SGR was adopted in the Balanced Budget Act of 1997

Announcements of cuts have been made 11 times in the past; each time saved by last-minute Congressional reprieves, except in 2002. Three separate pieces of legislation were needed last year to avert the pay cut, as well as two additional enactments to authorize rises in the physician update, resulting in larger payments rates for doctors services. Whether or not the proposed cut will go through this time remains to be seen.  READ FULL ARTICLE

 

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