Sunday, February 28, 2010

Should you care if your doctors' reimbursement is cut by 21%?

The absence of public awareness about the fact that their doctor will receive 21% less for service rendered to a Medicare patient compared to what they received in February is a bit troubling.  This may be a wake-up call for physicians.  If these payment cuts continue, it will only become harder to find a doctor who will see you if you have Medicare.

Will decreasing physician payments solve our healthcare problem?  One leading health economist explains that it physician salaries only account for 10% of healthcare spending in the US and that it would be much better to "pay them very well for helping us reduce unwarranted health spending elsewhere."  Sounds good to me.

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