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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 | 3 Comments »
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