Posted in Health Insurance , Medicare
March 4th, 2010
Some physicians have started dropping their Medicare patients as a result of a 21 percent cut in payment rates that took effect Monday. While many doctors dont want to lose their patients, reports show that many simply cannot keep their businesses running with such a significant cut in Medicare payment rates.
The major dilemma for doctors is that while they want to take care of their Medicare patients, it is too difficult to manage health care costs without receiving the same payments from the government. According to a CNNMoney.com report, some patient advocacy groups say that a growing number of doctors are boycotting against Medicare for this reason.
The problem is that this boycott doesnt just affect doctors; it affects 43 million American seniors who are currently receiving Medicare coverage.
If youve found that your doctor no longer will be offering services due to the cuts in Medicare payment rates then there are steps you can take to make sure youre getting the proper medical care:
Patients could also consider health care options for low-income patients.
The ideal recommendation would be to find another doctor who is able to accept new Medicare patients. But with health insurance rates increasing and payments being cut, it may be a difficult year for both patients and doctors.
[...] let’s take a closer look.Doctor’s Face another Medicare Payout CutIn March, we reported that doctors were ditching their patients because their Medicare payments had been cut by 21 percent. Now it appears that doctors could face [...]