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You Can Stop Worrying About a 27 Percent Medicare Cut -- Until the End of the Year At Least

Published on Mon Mar 19, 2012

10-month delay will only push payment formula problems to 2013.If your practice has been on pins and needles waiting to see if you would face Medicare cuts scheduled to start earlier this month, you can breathe easier but only for a few months. At the end of the year, the whole wait-and-worry process begins again. Learn the DetailsCongress reached an agreement that brings both good news and bad news. The good news is that under the Congressional agreement, you won't have to deal with a massive conversion factor cut that would have slashed the Medicare conversion factor from the current $34.0376 to just $24.6712, which was due to take effect on March 1.The agreement freezes Medicare payment rates at the current amount through Dec. 31, 2012. The deal was announced on Feb. 15, and the House and Senate voted to pass the bill on Feb. 17. Then, on Feb. 29, [...]
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