News Headlines Article

Doc pay cut revised down to 27.4%
Modern Healthcare

Physicians will face a slightly smaller but still massive cut in their Medicare payment rates under a revised schedule the administration issued Tuesday for the fees it plans to pay starting in 2012.

An across-the-board Medicare payment reduction of 27.4% is expected, according to the new fee schedule, which is slightly less than the 29.5% cut the administration had previously anticipated. The cuts are mandated under the program’s cost-control funding formula established by the Balanced Budget Act of 1997.