tci Part B Insider - 2008 Issue 9

PHYSICIAN NOTES: AMA Reacts to Medicare Payment Cut Projections

Your Medicare payment woes may not end in July, according to one new Medicare report.In a letter to MedPAC last week, Jeffrey Rich of the CMS Center for Medicare Management estimates that Medicare payments to physicians will drop by 10.6 percent below current levels on July 1, and by Jan. 1, 2009, will fall to 15.4 percent below current levels under the current payment formula.Physicians, already hurting from the upcoming July pay cuts, were extremely disappointed by the news.-If Congress does not take action before July 1, physicians caring for Medicare patients will be...

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