CMS is proposing a nearly 10 percent cut in doctors’ fees for 2008 under Medicare. The proposed cut is more significant than in any the previous five years due to Congressional intervention on behalf of physicians.
Bloomberg reports that if this fee schedule were adopted, Medicare alone with pay out almost $59 billion to doctors in 2008. If Congress again intervenes, that number could be significantly higher.
The chances of Congress stepping in and helping out physicians is looking pretty good.