Monterey, CA Medicare Doctors And Health Care Providers May Not Face 21% Rate Cut On April 1
by Richard Kuehn on 03/22/15
At last, there appears to be a fix for Medicare payments to doctors and other health-care providers rather than the haphazard annual patchwork that legislators have passed in the past. There's no guarantee that the bill will pass. However, many are hopeful that the $200 billion package (over 10 years) that is before the House will go through, avoiding an automatic 21% rate cut Medicare providers will face if nothing is done. The system has been broken for years because in 1997 a law was passed which ties payments to increases in the economy. Since then, however, health care costs have risen more quickly than inflation and Congress has passed what has been nicknamed the "doc fix" each year rather than passing something comprehensive.
