tci Part B Insider - 2010 Issue 19

Physician Notes: Cost of Freezing Conversion Factor is Over $6 Billion -- Just for 2010

Plus: The OIG recovered over $1.5 billion in fiscal year 2009, and is on the lookout to collect more.With less than two weeks to go before Medicare payments once again threaten to decrease by 21 percent, a new report sheds light on the financial outcome of Congressional actions.Although the 2010 Physician Fee Schedule originally included a conversion factor that would have been 21 percent lower than the 2009 level, practices haven't felt that cut yet this year,because legislators have voted several times to freeze payments, which now use the conversion factor of $36.0791. That...

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