Physicians who participate in Medicare are still waiting to see if Congress will act to stop a 21% payment cut scheduled to take effect on June 1. But new information from the Congresssional Budget Office shows that while a permanent replacement of the payment formula would be costly, just passing a short-term fix is expensive too. The temporary fixes that Congress has been passing in recent years now come at a price tag of $9 to $10 billion a year. And eventually physicians will face cuts of 29% to 34%.
Hear about this and the implementation of state-based high risk insurance pools in this week’s edition of the Policy & Practice Podcast.
Take a listen:
— Mary Ellen Schneider (on Twitter @MaryEllenNY)