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CMS Cuts Medicare 21% for Doctors Unless Congress Acts
The Centers for Medicare and Medicaid [CMS] just reported to the American Medical News that the final 2010 Medicare physician fee schedule confirms 21.2% pay cut starting Jan. 1, 2010, unless Congress adopts legislation to avert it.
So, enter John Kerry to the Rescue
Kerry Bill Helps Physicians Borrow Money for eMRs
But to qualify for electronic health record government subsidies, to be paid in increments over five years starting in 2011, physicians must lay out a substantial sum, take a lease, or borrow the money. So, to make it easier for doctors to purchase eMR systems, Sen. John Kerry (D-Mass) has proposed legislation that would allow small practices to get loans backed by the Small Business Administration (SBA).
Moreover, a press release from Kerry’s office stated that the money could be spent on “computer hardware, software, and other technology that will assist in the use of electronic health records and prescriptions.”
Link: Continued at BNet Healthcare.
Assessment
Yet, health economist and ME-P Publisher-in-Chief Dr. David Edward Marcinko opined:
“Is this sleight-of-hand chicanery akin to stealing from Peter to pay Paul”?
Conclusion
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Filed under: "Doctors Only", Breaking News, Health Economics, Health Law & Policy, Information Technology | Tagged: American Medical News, ARRA, CMS, david marcinko, EMRs, health information technology, HITECH, John Kerry, SBA |
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House Passes H.R. 3961—Legislation to Permanently Repeal the SGR
By a vote of 243-183, the U.S. House of Representatives just passed H.R. 3961, a bill that repeals the current Medicare physician payment formula, known as the sustainable growth rate (SGR), and replaces it with a new framework. Michael Burgess, MD, (R-TX), a former AMA alternate delegate was the sole Republican to vote for final passage.
This legislation would replace the SGR with a new formula that creates two updates: GDP +2 for Evaluation and Management services and GDP + 1 for other services. Additional technical changes will avoid the accumulation or compounding of debt that occurred with the SGR formula.
The battle now shifts back to the Senate. While action to permanently repeal the SGR was blocked in the Senate last month, the Obama administration and several senators support a permanent replacement of the SGR formula.
Source: AMA Health System Reform Bulletin [11/19/09]
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Medicare 4 All
What do you think of the new idea to allow people age 55 to 64 to buy into Medicare insurance coverage?
Sam
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Sam,
Now, there seems to be a movement afoot to equalize Medicare and Medicaid reimbursement rates.
http://www.healthcarefinancenews.com/news/118-health-groups-ask-equal-medicaid-medicare-rates
Any thoughts?
Bill
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