11/18/10

Diana Furchtgott-Roth, Former Chief Economist at the U.S. Department of Labor, on Medicare Cuts

...on Dec. 1 all Medicare physicians will face a 23 percent cut in rates, postponed from June.
 
Reimbursements will decline an additional 2 percent in January.
 
...To create the appearance, if not the reality, of fiscal discipline in the new health care law,
Congress assumed $455 billion of Medicare and Medicaid cuts
— 73 percent of them in Medicare —
over 10 years, and thereafter 10 percent to 15 percent of annual cuts. 
 
So, physicians’ reimbursements affect not only doctors and seniors and Medicare’s price tag,
but also the cost of the new, national health-care plan.
 
Freeing Medicare physicians from future cuts could cost $250 billion to $400 billion over 10 years,
depending on how much the government allows doctors’ payments to rise.
 
San Francisco Examiner columnist Diana Furchtgott-Roth
Former Chief Economist at the U.S. Department of Labor

If Medicare Cuts
are part of what makes the recently passed Healthcare Legislation “deficit reducing,”
and a 23% cut is not enacted in December,
how could those who voted for the legislation
be considered not guilty of misleeding the electorate?

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