tci Medicare Compliance & Reimbursement - 2004 Issue 32

Physicians: Medicare Drugs Slashed Up To 90 Percent Next Year

Administration fees soar from 2003, but plummet from 2004.Physician practices that provide prescription medications should prepare now for some serious sticker shock in January. The Centers for Medicare & Medicaid Services put out its first estimates of the deep cuts it has in store for medications that physicians use to fight ailments such as cancer and lung disease. CMS announced new rates for physician-administered drugs, already covered under Part B, unlike the self-administered drugs, which Part D will cover starting in 2006. Provider groups are already protesting, but, in a July 27 conference call with reporters...

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