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RB TexLa

(17,003 posts)
Wed Apr 3, 2013, 10:21 PM Apr 2013

Here is a great opportunity from the sequester RE: medicare cuts



Someone else has a post about medicare patients being turned away due to the reduced payout. Here is the opportunity: Right now, all private insurers match the cuts in payments. Then instead of a reduction it becomes the standard payment rate.

Whatever the procedure there will be someone find a way to provide it. Use this as a market force to lower health care costs. Everyone wants to lower health care costs and this is a way to do it.





No April Fooling: 2% Medicare Pay Cut Hits Monday

Robert Lowes
Mar 28, 2013

Medicare payments to physicians for services performed beginning Monday, April 1, will shrink by 2% under the automatic, across-the-board budget cuts called sequestration.

And unlike other impending Medicare pay cuts in the past, this one will not be called off by last-minute Congressional action. Lawmakers are on spring break.

The current federal sequester was authorized by the Budget Control Act (BCA) of 2011, which tasked a bipartisan "supercommittee" with proposing at least $1.2 trillion in deficit reduction over 10 years for lawmakers to approve. Failure to achieve this goal would trigger an equal level of sequestration beginning January 1, 2013, that would apply to defense as well as domestic spending. Medicare benefits, Social Security, and Medicaid were off-limits.


http://www.medscape.com/viewarticle/781630
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