“We’re not going to give up,” said Senator Harry Reid, the Nevada Democrat and majority leader. “We know the American people only have us to depend on.”
Medicare has been holding all claims from June until today, pending the action that was "supposed" to reverse this 21%, mind-blowing decrease. Now that the vote is in, they will pay the claims retroactively at the lower rate.
This is really bad news for seniors. 31% of primary care physicians surveyed by the AMA said they would not accept new Medicare patients if the cuts went through. I predict much worse. A 21% cut is the death knell for doctors who have a lot of Medicare patients. Last month, Medicare paid me $84.00 for a 99213 office visit. That was already unsustainable, and the only way anyone stays in business is by seeing other patients with better payment. The new payment will be $66.36. Hello, bankruptcy court.
Stay tuned for an outcry from organized medicine, and a flight of physicians away from the Medicare program. The payment volatility of these government programs is leaving the health of our nation in critical condition.
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