Medicare increases physician reimbursements by 109% today! Just kidding…April Fools. No, the government did not increase doctors’ reimbursements today. But this April Fool’s Day, 2014, does bring a lot of changes that affect physicians’ offices immediately. Here is a list of 4 changes.
The US House of Representatives passed on Thursday, March 27, 2015, H.R. 4302 Protecting Access to Medicare Act of 2014, a bill that postpones the implementation of ICD-10 until October 1, 2015.
Will doctors be dropping Medicare? What are Seniors to do? The Centers for Medicare and Medicaid Services (CMS) will reduce payments to Physicians by 20.1% starting on January 1, 2014.
Medicare Reimbursements Not Changing in 2013 Good news for doctors’ offices. The 26.5% cut in Medicare reimbursements to take effect January 1, 2013 has been averted as both the Senate and House voted to pass the “Fiscal Cliff” bill aying Medicare cuts and adjustments to payments. According to bill reimbursement rates for Medicare will not change for 2013. Physicians can breathe a sigh of relief this year but come January 1, 2014 Medicare rates can once again change. Congress still Continue Reading
The Senate passed the jobs bill late Tuesday night that includes the postponing of the 21% cut in Medicare reimbursement. Doctors get another 30 days before the Medicare cuts take effect. Hopefully Congress will act and rescind the cuts because doctors are already getting there reimbursements cut by commercial insurance companies.