Medicare Wages Payments To Insurers Volition Hold Out Cut
Wednesday, September 11, 2019
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Title : Medicare Wages Payments To Insurers Volition Hold Out Cut
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Compounding the S-CHIP budget dilemma, Medicare physicians are scheduled to cause got their fee payments cutting past times 10% on Jan 1, 2008.
When the final Congress reversed the scheduled 5% fee cutting for 2007, inwards their final infinitesimal Dec budget vote, they genuinely deferred it for alone ane year. Another automatic 5% fee cutting is required for 2008 nether the “Sustainable” Medicare fee schedule rules that rest inwards effect.
That produces a full of 10% inwards Medicare physician fee cuts that volition endure required on Jan 1, 2008––unless the Congress tin honour the coin to create the work ane time again.
The Congress volition create the work again--just every bit it has done for many years inwards a row. Both Democrats too Republicans don't desire to scandalise the MD lobby.
All of this is courtesy of the hence outgoing Republican Ways too Means Chair Bill Thomas, who retired at the terminate of the final Congress. It seems the Democrats’ longtime nemesis, past times deferring the 2007 cutting for alone ane year, got them nonetheless ane to a greater extent than fourth dimension past times leaving them this "time bomb" worth close $3 billion.
Fixing this “double whammy” 10% Medicare physician fee cutting develop for Jan 1, 2008 is in all probability worth $6 billion inwards the upcoming 2008 budget. And again, Democrats cause got pledged non to pass to a greater extent than coin unless they either cutting something else or heighten taxes.
So nosotros cause got 2 big Medicare too Medicaid bills coming due this year—about $6 billion for the one-year Medicare physician fee create too $13 billion to $15 billion for five-year S-CHIP reauthorization.
Where volition the Democratic Congress larn it?
As I cause got been alert since the Nov election, a big target volition endure the someone Medicare Advantage excogitation payments.
In the final moments of the Republican Congress, Republicans cutting $7 billion from the $10 billion Medicare Advantage stabilization fund to pay for final year’s one-year Medicare physician fee cutting create too other Medicare payments.
I cause got no doubtfulness that Democrats volition accept the other $3 billion every bit before long every bit they tin too hence they are going to kickoff to cutting into the os of the 2003 Medicare Modernization Act to pay all of these novel bills.
As the novel House Ways too Means Health Subcommittee Chair, Pete Stark (D-CA) position it this month, “There are precious few areas nosotros tin salve money. Medicare Advantage is a prime number target to alternative upward a few dollars.” He pointed out that the “extra” Medicare Advantage payments are worth close $5 billion annually for what has been estimated to endure Medicare Advantage payments that are 10% to 11% greater than those touchstone Medicare gets for the same seniors.
The Dems involve lots of coin merely to proceed merely the electrical flow S-CHIP too Medicare programs going too Medicare Advantage is “Target Number One.”
You are now reading the article Medicare Wages Payments To Insurers Volition Hold Out Cut with the link address https://new-insurancequotes.blogspot.com/2019/09/medicare-wages-payments-to-insurers.html
Title : Medicare Wages Payments To Insurers Volition Hold Out Cut
Medicare Wages Payments To Insurers Volition Hold Out Cut
The State Children's Health Insurance Program (S-CHIP) needs to endure reauthorized past times the Congress. That volition toll $13 to $15 billion over the adjacent 5 years--something I detailed inwards an before post.Compounding the S-CHIP budget dilemma, Medicare physicians are scheduled to cause got their fee payments cutting past times 10% on Jan 1, 2008.
When the final Congress reversed the scheduled 5% fee cutting for 2007, inwards their final infinitesimal Dec budget vote, they genuinely deferred it for alone ane year. Another automatic 5% fee cutting is required for 2008 nether the “Sustainable” Medicare fee schedule rules that rest inwards effect.
The Congress volition create the work again--just every bit it has done for many years inwards a row. Both Democrats too Republicans don't desire to scandalise the MD lobby.
All of this is courtesy of the hence outgoing Republican Ways too Means Chair Bill Thomas, who retired at the terminate of the final Congress. It seems the Democrats’ longtime nemesis, past times deferring the 2007 cutting for alone ane year, got them nonetheless ane to a greater extent than fourth dimension past times leaving them this "time bomb" worth close $3 billion.
Fixing this “double whammy” 10% Medicare physician fee cutting develop for Jan 1, 2008 is in all probability worth $6 billion inwards the upcoming 2008 budget. And again, Democrats cause got pledged non to pass to a greater extent than coin unless they either cutting something else or heighten taxes.
So nosotros cause got 2 big Medicare too Medicaid bills coming due this year—about $6 billion for the one-year Medicare physician fee create too $13 billion to $15 billion for five-year S-CHIP reauthorization.
Where volition the Democratic Congress larn it?
As I cause got been alert since the Nov election, a big target volition endure the someone Medicare Advantage excogitation payments.
In the final moments of the Republican Congress, Republicans cutting $7 billion from the $10 billion Medicare Advantage stabilization fund to pay for final year’s one-year Medicare physician fee cutting create too other Medicare payments.
I cause got no doubtfulness that Democrats volition accept the other $3 billion every bit before long every bit they tin too hence they are going to kickoff to cutting into the os of the 2003 Medicare Modernization Act to pay all of these novel bills.
As the novel House Ways too Means Health Subcommittee Chair, Pete Stark (D-CA) position it this month, “There are precious few areas nosotros tin salve money. Medicare Advantage is a prime number target to alternative upward a few dollars.” He pointed out that the “extra” Medicare Advantage payments are worth close $5 billion annually for what has been estimated to endure Medicare Advantage payments that are 10% to 11% greater than those touchstone Medicare gets for the same seniors.
The Dems involve lots of coin merely to proceed merely the electrical flow S-CHIP too Medicare programs going too Medicare Advantage is “Target Number One.”
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You are now reading the article Medicare Wages Payments To Insurers Volition Hold Out Cut with the link address https://new-insurancequotes.blogspot.com/2019/09/medicare-wages-payments-to-insurers.html
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