Today, doctors will take a 23% reduction in Medicare reimbursements unless Congress does something. "Well, they're all rich enough anyway," the class envious person responds. But what does that mean to the Medicare patient? It means that doctors will refuse new Medicare patients which will result in a shortage of quality medical care. Medical groups estimate that as many as two-thirds of doctors will stop taking new Medicare patients affecting 46 million older and disabled patients.
The cost of not enacting the reduction will be about $1 billion per month. Looks like Medicare is an abysmal failure, and Obama wants us to let him run the whole shooting match!
"Doctors brace for possible Medicare pay cuts." The Dallas Morning News; November 13, 2010; p. 10A.
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