Reduction in Physician Reimbursement Rates
The Congress’ SuperCommittee to reduce the federal budget deficit is not looking like it will reach concensus, leading to possible implementation of a number of ‘penalties’, one of which is a 27% + reduction in physician reimbursement rates for medical care provided under Medicare and Medicaid. One industry observer predicts significant cost shifting to private pay insurance and workers’ compensation. Read Paduda here…