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email: Medicare Sequestration 2% reduction All Medicare Carriers

Posted on 05/09/2013 8:36:44 PM PDT by gasport

A billing service sent the following email today-

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As required by law, President Obama issued a sequestration order on 3/1/2013 requiring across-the-board reductions in Federal spending. Because of this, Medicare claims with dates-of-service or dates-of-discharge on or after April 1, 2013, will incur a 2 percent (2%) reduction in Medicare payments. Claim adjustment reason code CO-223 (“Adjustment code for mandated Federal, State or local law/regulation that is not already covered by another code and is mandated before a new code can be created.”) will be used to report the sequestration reduction on the ERA and standard paper remittance.

If you do electronic payment remittance with Practice Manager, we have a program fix to accommodate this 2% reduction. The remittance program will automatically write off the reduction without a hassle. Contact customer support for further information.
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TOPICS: Health/Medicine
KEYWORDS:
What is the mechanism for me to issue a 2% reduction in my federal taxes? -OR- Since only 98% is to be paid, what is the mechanism to initiate fines and penalties on the outstanding 2% balance?
1 posted on 05/09/2013 8:36:44 PM PDT by gasport
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To: gasport

I’d question the legality of the reduction.


2 posted on 05/09/2013 8:40:38 PM PDT by NonValueAdded (3 guns when you only have one arm? "I just don't want to get killed for lack of shooting back")
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To: gasport

Drastic cuts.
Your own insurance must pay.


3 posted on 05/09/2013 8:43:53 PM PDT by onyx (Please Support Free Republic - Donate Monthly! If you want on Sarah Palin's Ping List, Let Me know!)
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To: NonValueAdded
facetious
(comparative more facetious, superlative most facetious) Treating serious issues with deliberately inappropriate humor; flippant.
4 posted on 05/09/2013 8:43:56 PM PDT by gasport (I ain't got no guns.)
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To: NonValueAdded

I thought Medicare was exempt from sequestration.


5 posted on 05/09/2013 8:43:59 PM PDT by alpo (What would Selco do?)
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To: NonValueAdded

You mean ‘write off’, no?


6 posted on 05/09/2013 8:44:25 PM PDT by GeorgeWashingtonsGhost
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To: gasport

2% reduction or a 2% reduction in the rate of growth?


7 posted on 05/09/2013 8:45:25 PM PDT by GeronL (http://asspos.blogspot.com)
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To: onyx

I did the work.
I want my money.


8 posted on 05/09/2013 8:45:40 PM PDT by gasport (I ain't got no guns.)
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To: NonValueAdded

“I’d question the legality of the reduction.”

The whole socialist program should be in question for constitutionality

What should be questioned is the legality of the cost shifting onto non-medicare patients, and the increase in private insurance to pay for everyone else.


9 posted on 05/09/2013 8:47:18 PM PDT by RFEngineer
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To: alpo
It was supposed to be. This email may be inaccurate. This is the government after all, we can't expect the right hand to know what the left hand is doing.
10 posted on 05/09/2013 8:48:28 PM PDT by hinckley buzzard
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To: alpo

http://www.medscape.com/viewarticle/771105

Medicare Sequestration Will Cost Clinicians $4.9 Billion


11 posted on 05/09/2013 8:49:29 PM PDT by gasport (I ain't got no guns.)
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To: gasport
No, series. (OK, that was facetious). Can the Executive change the rates or does that take an act of Congress? And, as someone else mentioned, was Medicare exempted from sequestration? There are serious questions to be asked. Or you could roll over and take it.
12 posted on 05/09/2013 8:57:54 PM PDT by NonValueAdded (3 guns when you only have one arm? "I just don't want to get killed for lack of shooting back")
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To: NonValueAdded
Or you could roll over and take it.

This administration policy is to bend over and take it.

13 posted on 05/09/2013 9:01:59 PM PDT by gasport (I ain't got no guns.)
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To: gasport

What is the source of the email?

Did it come directly from Medicare.gov or did it just show up from some other entity?


14 posted on 05/09/2013 9:09:51 PM PDT by TomGuy
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To: TomGuy

My billing service


15 posted on 05/09/2013 9:11:57 PM PDT by gasport (I ain't got no guns.)
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To: gasport

this is theft, these guys already paid taxes and payroll on 100% of what was billed.

This is a law suit that they will win.


16 posted on 05/09/2013 9:58:02 PM PDT by dila813
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To: gasport

“I AM FROM THE GOVERNMENT AND I AM HERE TO HELP YOU.”


17 posted on 05/09/2013 10:25:52 PM PDT by I am Richard Brandon
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To: gasport

The reality is that they only pay something like $75 for a level 4 (99214) visit now. Many docs pay everything else first. Rent, salaries, trash, lights, you name it. If you are good you might get your “per widget price” down to about $48-55. Many don’t. The doc gets paid LAST. So a 2% cut is really more like a 6 or 10% cut. If your practice is busy you can tell the Medicare folks to find a new doc.


18 posted on 05/09/2013 10:55:45 PM PDT by wastoute (Government cannot redistribute wealth. Government can only redistribute poverty.)
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To: gasport

Have you seen other, corroborating news about it?


19 posted on 05/10/2013 4:47:52 AM PDT by trebb (Where in the the hell has my country gone?)
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