Medicare Pay Cuts Bad News for Many Doctors and Patients
Posted Mar 05 2010 9:25am
Congress has announced a 21.2% cut in Medicare pay for physicians according to the article “Reduction in Medicare Pay Worries Physicians and Patients” by Amit Pathania on TopNews.com. This is a concern for many and will affect both Medicare patients and doctors.
With less money allocated towards Medicare doctors, the doctors are forced to see less Medicare patients which may mean many will have to look for a different doctor. According to one survey of neurosurgeons from 2010, about 60% of doctors are lessening their Medicare patients in their practice, and 40% will be cutting back on consultations by new Medicare patients. Neurosurgeons have made the decision to not treat new patients.
The Congressional Budget Office states an estimate of a savings of $7.3 Billion in the deficit by pushing the Medicare pay cuts to October 1st. It’s critical that those on Medicare and using Medicare supplement insurance understand what their doctor’s intentions are with their Medicare patients so that they have ample time to find a new, quality doctor if need be.