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Medicare to Slightly Reduce Big Physician Pay Cut in 2012
The Centers for Medicare and Medicaid Services (CMS) announced this week that it would cut Medicare reimbursement for physicians by 27.4% on January 1, 2012, instead of 29.5% as previously planned.
The slightly lower reduction in reimbursement appears in the final regulations that CMS released Wednesday regarding the 2012 Medicare Physician Fee Schedule. Medicare sets these fees using the sustainable growth rate (SGR) formula, which organized medicine wants to abolish. The SGR formula establishes an annual target for Medicare spending on physician services based in part on annual growth of the gross domestic product.
In March 2011, CMS estimated that physicians would be subject to a 29.5% reduction in reimbursement. The change to 27.4% reflects the fact that Medicare costs this year have grown more slowly than expected, according to the agency's announcement.
Read the full story at: http://www.medscape.com/viewarticle/752796_print
Sources: Medscape Medical News; WebMD, LLC; CMS
Reducing Time Sitting Can Help Lower BP in Older Adults, Randomized Trial Finds
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Overcoming Employment Barriers for Lasting Social Impact: Freedom House 2.0 and Pathways to Work
April 16th 2024To help celebrate and recognize National Minority Health Month, we are bringing you a special month-long podcast series with our Strategic Alliance Partner, UPMC Health Plan. Welcome to our second episode, in which we learn all about Freedom House 2.0 and the Pathways to Work program.
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An Overview of Health Care and Pharmaceutical Trends, 2023-2024
April 19th 2024Douglas M. Long, BA, MBA, was featured as the keynote speaker on the closing day of The Academy of Managed Care Pharmacy 2024 annual meeting, with a session dedicated to surveying the health care and pharmaceutical trends of the last year.
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