21.2% Medicare Pay Cut Will Take Effect Monday
Saturday, February 27th, 2010February 26, 2010 — Unless a minor bipartisan miracle happens in Congress over the next few days, physicians will go over the cliff on Monday. That’s when a scheduled 21.2% reduction in Medicare reimbursement takes effect.
A recent poll conducted by several medical societies representing neurosurgeons, for example, revealed that almost 40% would cut back on seeing new Medicare patients if reimbursement continues to decline, while 18% would stop accepting new Medicare patients altogether. Another 27% said they would treat fewer established Medicare patients.
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