Urologists and other physicians who treat Medicare patients have again escaped a steep reimbursement reduction as President Obama on Dec. 15 signed legislation passed by the lame-duck Congress providing a 12-month reprieve.
The Medicare and Medicaid Extenders Act of 2010 postpones sustainable growth rate (SGR)-mandated cuts in Medicare reimbursement levels through 2011, with the stated goal of providing Congress breathing room so it can fashion a permanent solution to this recurring problem.
Had Congress not acted, a 24.9% slash in rates would have become effective Jan. 1.
The Commission's report, issued Dec. 1, proposes these key provisions as they relate to Medicare physician payments:
To help pay for these changes, which the Commission said would cost about $22 billion less than simply continuing to freeze physician payments, the Commission's recommendations included:
Malpractice Consult: How likely are you to face a medical malpractice lawsuit?
July 23rd 2024"Although there is a good chance that you will face allegations of medical negligence at some point in your career, it is unlikely that you will ever be found liable by a jury," writes Victoria L. Neikam, Esq.
Money Matters: Smart investing when markets approach record highs
June 19th 2024"As the markets continue to push record highs, staying disciplined in your investment strategy, removing emotion from your decision-making, and sticking to an appropriate investment allocation will be vital to navigating market swings," writes Jeff Witz, CFP.