Unless your US Representatives act, Medicare physician payment rates will decline 23% on December 1, 2010 and an additional 6.5% in January 2011.
The real solution is to get rid of the SGR formula, which the Centers for Medicare & Medicaid Services adopted as called for under the Balanced Budget Act of 1997, and replace it with viable physician compensation solution.
Please help by letting your Representatives know that this cycle of crisis management must be stopped. They owe it to their constituents and to the citizens who rely on Medicare for their healthcare.
Attached is a letter that can be used to inform your Representatives of your dissatisfaction and your expectation that the issue will be resolved in an acceptable manner.
For the updated sample letter, click here.
With best regards,
Kirk Reinitz, CPA