tci Part B Insider - 2003 Issue 14

Legislation: Medicare Reform Bills Spell Pain for Physicians

It's not all goodies in the Medicare reform bills passed by the House and the Senate late last month. There are a few provisions that could hurt physicians badly, including:   Drug cuts. Oncologists, beware: Both the House and the Senate bills have it in for you. The House bill would reduce drug payments to 112 percent of Average Selling Price, from the current 95 percent of Average Wholesale Price. This would slash about $700 million from the cancer care system, says the American Society for Clinical Oncology.   To make up for this hit, the House would increase...

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