tci Part B Insider - 2003 Issue 6
PHYSICIAN PAYMENTS: 'Vicious Cycle' Runs Over Physician Payments
Enjoy that 1.6 percent payment increase for 2003. It could be the last boost you see for some time. Forget about that 2.5 percent pay raise the Medicare Payment Advisory Committee promised doctors in its latest report. Physician payments will be lucky to escape with a shave and a haircut, if not an actual decapitation. The Medicare Trustees' report sealed physicians' doom. Released March 17, it claimed Medicare Part B spent 11.6 percent more in 2002 than in 2001. A "significant growth in the volume and intensity of services performed by physicians" contributed heavily to the...
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