When President Obama signed the debt-ceiling bill, the law automatically set into motion $1.2 trillion in cuts to government programs by December 23, 2011. The deal could produce a 2 percent reduction in Medicare reimbursement. Moreover, the deal makes no mention of fixing the sustainable growth rate (SGR) formula . . . and this formula still currently calls for a 29 percent Medicare reimbursement cut on January 1, 2012.
Of course the AMA continues to be “hopeful” that the SGR issue will be addressed. Indeed the annual scare tactic continues as physicians pray to be able to dodge that bullet once again.
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