Congress Places Doctor Fix on Hold
On Wednesday, December 20, 2011, Congress voted to reject the Senate proposal to extend the present physician reimbursement formula for two months setting up a showdown between the Republican dominated House of Representatives and the Democratically controlled Senate that is likely to go into 2012.
In the meantime, the much-feared, 27% reduction in physician Medicare reimbursement looks all-but-certain to take effect with the ringing on the New Year.
The development is a point of great angst amongst Medicare providers, particularly physicians in high-Medicare markets.
“Regardless of whether Congress will retroactively make up this devastating loss of practice income next year, federal lawmakers’ failure to act will cause grave dysruption in physicians practices,” said Dr. Glenn Stream , President of the American Academy of Family Physicians, echoing the concerns of Medicare-participating physicians.