tci Part B Insider - 2003 Issue 16

Studies & Surveys: MedPAC Sees Physician Spending Growth Slowing

Fewer physicians accepted all new Medicare patients in 2002, 70 percent of doctors compared with 76 percent in 1999, the Medicare Payment Advisory Commission says. The drop may indicate dissatisfaction with the program's low payments and red tape. The latest MedPAC data book predicts physician spending growth will level off by 2012, which may encourage some policymakers to do away with the steep cuts Medicare predicts for the next few years. In spite of those cuts, Medicare physician spending will increase 4 percent per year from 2002 to 2007, MedPAC predicts. But the overall growth rate over the next...

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