fbpx

If Medicare Told Physicians To Stand on Their Left Leg..

If Medicare Told Physicians To Stand on Their Left Leg..

Daniel Paull MD, writes to share that Medicare cuts for physicians are making the rounds again, and then suggests what we can do about it.

As Medicare cuts for physicians are making the rounds again, there is no shortage of physicians complaining.

A 5% Medicare cut also affects private insurance payments as they usually pay a percentage of Medicare, for example they may pay 200% of Medicare, so a 5% Medicare cut would be a 10% private insurance cut.

Physicians like to complain about Medicare cuts, as payments for other parts of the healthcare industry increase.

This will not be the only cut, physicians should expect 5% cuts to their Medicare payments to happen almost every year.

 

This will not be the only cut, physicians should expect 5% cuts to their Medicare payments to happen almost every year. Click To Tweet

 

The reason why Medicare cuts keep happening is because physicians will still contract with Medicare and private health insurances, even if they had to walk over hot coals to do it.

Medicare could require physicians to only chart while standing on their left leg, and many would comply.

 

The reason why Medicare cuts keep happening is because physicians will still contract with Medicare and private health insurances, even if they had to walk over hot coals to do it. Click To Tweet

 

It sounds funny but it isn’t.

The power lies in not contracting with Medicare or private health insurance. If you don’t like their terms then you can say no.

“But Medicare is 80% of my practice.”

 

Medicare could require physicians to only chart while standing on their left leg, and many would comply. Click To Tweet

 

That is how you got into this mess in the first place.

If you never change anything then nothing will be changed.

Personally, I have opted out of Medicare and do not contract with any private insurance companies.

The practice looks different but it works. Don’t let anyone tell you that you can’t do it.

Do you have a compelling personal story you’d like to see published on SoMeDocs? Find out what we’re looking for here and submit your writing, or send us a pitch.

Share

Earn CME

This learning experience is powered by CMEfy - a platform that brings relevant CMEs to busy clinicians, at the right place and right time. Using short learning nudges, clinicians can reflect and unlock AMA PRA Category 1 Credit.

Leave a Reply

Your email address will not be published. Required fields are marked *

Sherita D. Gaskins-Tillett, MD

11/02: A Weekend For Me

A Weekend For Me is a time-out for professional women to rest, reconnect with themselves, define their priorities and vision a life that they love.

Affiliate ad

Earn CME

This learning experience is powered by CMEfy - a platform that brings relevant CMEs to busy clinicians, at the right place and right time. Using short learning nudges, clinicians can reflect and unlock AMA PRA Category 1 Credit.

Tweet Me

More from SoMeDocs

Subscribe To Our Newsletter

Get updates and learn from the best

The True Art of Medicine

The Crafting Doctors

Doctors do some incredible work outside of the exam room. Some even craft! Take a peek at some of our highlighted doctors, here, in this series.

David Norris, MD, MBA

Negotiate as a Physician and Win

Catch this 8-part series, hosted by physician & business consultant David Norris, MD, MBA & produced by Dana Corriel, MD. Learn to be a stronger negotiator with these important tactics.

My “Go To” Spices for Indian Food: Beginner’s Guide

The Doctor’s Food

In honor of our upcoming virtual Lifestyle Medicine conference, we thought it would be fun to share some of what doctors eat (and prepare!), released regularly. Bottoms’ up!

Want More?

Be a part of the healthcare revolution.
Don't miss a thing SoMeDocs publishes!

Disclaimer: SoMeDocs assumes no responsibility for the accuracy, claims, or content of the individual experts' profiles, contributions and courses. Details within posts cannot be verified. This site does not represent medical advice and you should always consult with your private physician before taking on anything you read online. See SoMeDocs' Terms of Use for more information.

follow us

© 2023 SoMeDocs. All Rights Reserved.

Support A Platform that Celebrates Real Doctors

For just $10 a month, you can help keep this openly accessible site available to all & help us sponsor in more doctors.

Interested in the must-read, unique content from our magazine?

I acknowledge that this site is not to be used for medical advice.

Play Video
Our Founder Answers Your BURNING Question

SoMeDocs

“Why should I become a member of SoMeDocs if I already have my own space online?”

What We Bring to the Practice of Medicine

We feature books!

And they’re written by experts!

Site SoMeDocs Logo, square

WANT TO STAY IN THE LOOP?

DON'T MISS A SINGLE CONTENT PIECE.