Determining you Financial Share on “TAX DAY”
[By Staff Reporters]
One of the most-onerous votes in recent years on Capitol Hill is the so-called “doc fix.” That’s the patch Congress re-ups periodically to make sure that seniors on Medicare continue to receive medical care.
If Congress doesn’t cough up a chunk of change for the doc fix, doctors who treat Medicare recipients could experience an abrupt 21 percent reduction in their federal reimbursement – and would likely stop taking those patients.
In late March, the House approved a permanent replacement for the doc fix.
Click here to see your share of the Medicare doc fix
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A solution has eluded lawmakers for years
In fact lawmakers tinkered with this particular Medicare payment method some 17 times since 1997. That’s when the amount of money the federal government had available to pay doctors started to dip into the red. So in order to make sure physicians were paid and seniors didn’t lose benefits, Congress engineered a short-term –but expensive– Band-Aid to cover the difference.
Assessment
Hence the name, the “doc fix.”
Conclusion
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Filed under: Breaking News, Career Development, Health Economics | Tagged: "Doc Fix", “Doc-Fix” Taxpayer Calculator, SGR | 2 Comments »




















