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Fiscal cliff countdown: Medicare payments in real dange
Fierce Healthcare ^ | December 20, 2012 | Karen Cheung-Larivee

Posted on 12/21/2012 4:11:33 AM PST by Makana

It's a countdown until massive cuts hit Medicare providers. With only a few days left in the calendar year, providers are waiting with bated breath about the outcomes of fiscal cliff talks on Capitol Hill.

And unlike previous short-term fixes, the threat is real this time, American Medical Association (AMA) President Jeremy Lazarus told Forbes. The decision of lawmakers will determine the outcome of Medicare cuts that hang in the balance in these final weeks of the year.

Unless Congress and the White House administration can agree on plans to avoid the fiscal cliff, a 27 percent reduction in Medicare payments will go into effect Jan. 1, 2013--12 days from today.

Providers, particularly AMA, have lamented over the short-term stop gap measures--15 of them in the past decade--to the sustainable growth rate formula under the Balanced Budget Act of 1997, Forbes noted.

"For physician practices, it is a terrifying situation," Lazarus said about the reductions that could cost upwards of $35,000 per physician.

(Excerpt) Read more at fiercehealthcare.com ...


TOPICS: Business/Economy; Constitution/Conservatism; Government; News/Current Events
KEYWORDS: federalbudget; medicare
"If you like your health plan, you can keep it." - BHO. What was not said was that your doctor may not keep you!

Another example of what the MSM is not writing about.

1 posted on 12/21/2012 4:11:45 AM PST by Makana
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To: Makana
“Houston We Have A Problem”

But I have read that the AMA dues paying membership is about 29% of the total doctors who are practicing in the U.S.

I have read that they were criticized for not opposing the Obamacare disaster enough.

I turn 65 in 3 days and I may be dreaming, but I wish for the days when doctors care, fees and services offered were between the doctors and the patients.

Socialism (and Obozo’s Fascism) are national death by bureaucrat.

2 posted on 12/21/2012 4:40:48 AM PST by Texas Fossil
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To: Makana
"For physician practices, it is a terrifying situation,"

How about patients?

3 posted on 12/21/2012 4:49:04 AM PST by afraidfortherepublic
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To: Makana

In a way, I think this would be a good thing. Why? Because it would finally force the issue instead of just kicking the can down the road yet again. Real decision will have to be made and, yes, some people will feel the pain. But things will be readjusted to a more realistic state.


4 posted on 12/21/2012 5:20:38 AM PST by rbg81
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To: Makana

The GOPES running both the US preidential and senatorial campaigns had the opportuinity and responsonility to bring this out in the 2012 campaigns but didn’t. Now we’re all paying for it...


5 posted on 12/21/2012 5:40:35 AM PST by mosesdapoet ("A voice crying in the wilderness make streight for the way of the Lord")
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To: Makana

The GOPES running both the US presidential and senatorial campaigns had the opportuinity and responsonility to bring this out in the 2012 campaigns but didn’t. Now we’re all paying for it... and they, Romney and Rove and their staffs, should be made to answer for it


6 posted on 12/21/2012 5:44:51 AM PST by mosesdapoet ("A voice crying in the wilderness make streight for the way of the Lord")
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