Medicare reimbursement is not keeping up with inflation

Medicare reimbursement is not keeping up with inflation, according to a new study. The report noted that doctors are paid one-third less than a decade ago, but over the same period, inflation has risen by almost 30 percent. Additionally, Medicare Advantage plans typically pay physicians less than traditional Medicare does for the same services. Why does it matter? With the growing enrollment of Medicare beneficiaries (54 percent) in Medicare Advantage plans, “the financial strain is forcing physicians to rethink whether they will continue serving Medicare patients,” said Meade Monger, CEO of Omniscient Health, a healthcare data science company.” Susan Morse, writing for Healthcare Finance News, explains the implications if the reimbursement rates do not change for high-volume Medicare practices, especially those in primary care and rural areas. Read Ms. Morse’s article here…

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