Committee Evaluates Impact Of Planned Cut To Medicare Physician Fee Payments, USA

http://www.medicalnewstoday.com

Small medical practices provide essential services and ensure all patients have access to quality care. However, cuts to Medicare physician fee payments threaten to undermine the work of these firms. Committee Members heard from the Deputy Administrator for the Centers for Medicare and Medicaid Services (CMS). They also received testimony from a panel of health care providers, who noted the planned cuts would greatly limit services to the nation’s neediest communities.

“Undermining physicians who serve millions of disabled, elderly, veterans and disadvantaged patients makes no sense,” said Chairwoman Nydia M. Velázquez. “There are enormous gaps in the American health care system, and these businesses are helping to fill them. Failing to recognize that fact flies in the face of what is needed.” 

Medicare provides health insurance for 43 million elderly and disabled people in the United States. CMS rules govern payments to their physicians and other medical providers for specific services. The amount paid by Medicare is scheduled to be cut by 10.6% at the end of June.

“Seniors already have to call dozens of providers in hopes of finding one who will accept Medicare. If CMS pushes forward with these cuts, these patients will have even fewer choices. They are the ones who will pay the ultimate price,” said Chairwoman Velázquez.

Expenses like rent, payroll, health and malpractice insurance are expected to increase more than 20% over the next nine years. Witnesses explained that these rising costs would be compounded severely by fee cuts. That would force them to stop accepting new patients, postpone capital purchases for their practices, or forego new health technology altogether. Still other physicians would have to close down their businesses or retire early.

“It’s time we consider what these cuts would mean for our society. If we keep making it harder for small medical practices to stay afloat, the family doctor could be a thing of the past,” said Chairwoman Velázquez.

see original

You may also like

Legislative panel approves medical malpractice bill
Read more
Urgent-care centers: Illinois numbers grow as time-pressed families seek low-cost option to ERs
Read more
Global Center for Medical Innovation launches
Read more

Recent Posts

California Healthcare Providers, Trial Attorneys, Legislators Reach Deal to Increase MICRA Cap

Corporate Acquisitions Accelerating Surge in Employed Physicians

AM Best Maintains Negative Outlook for MPL Segment in 2022, Cites Rising Loss Costs, Increasing Severity, Diminished Reserves

Popular Posts

PIAA 2017: Current Trends & Future Concerns

New Report: Best and Worst States for Doctors

Urgent-care centers: Illinois numbers grow as time-pressed families seek low-cost option to ERs

Start Your Custom Quote Process™

Request a free quote