Medicare to Pay Docs Significantly Less $$$ in 2012
On 11/1 the Centers for Medicare and Medicaid Services (CMS) announced that the Medicare reimbursement for physicians would be cut by 27.4% in 2012---instead of the 29.5% that was previously planned. Doctors that get by on federal payment for seeing older folks are SOL. Older folks are likely to be in a pickle too, as fewer docs will stick with them, given the hoop jumping required to get paid diddley in the first place. As a naturopath I won't qualify for medicare payment in the first place, so I have limited sympathy for those physicians who consider this cut to be akin to a death sentence. The medscape article suggests that nearly 13% of family physician practices may have to close due to the decrease in financial viability. There is another way for us to take care of our elders. We just haven't found it yet.