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Doctors hope for reprieve from Medicare reimbursement cuts
2/14/2011
The News-Press
The News-Press
By Frank Gluck
Doctors would get a two-year reprieve from scheduled Medicare reimbursement cuts under a plan included in the $3.7 trillion Obama administration budget proposal released Monday.
The payment formula -created in 1997 to control spending - is tied to inflation, but has not kept pace with doctors' cost of doing business, physicians say.
It currently calls for more than 25 percent in cuts to existing reimbursements.
Congress has postponed such cuts since 2003, and again agreed in December to put them off for another year. This budget plan calls for two years without reductions. Read more about the latest proposal.
