Wednesday, January 2, 2013

Medicare and a 30% Cut in Doctor's Pay

Mandatory cuts in spending were put off by 2 months by an agreement in Congress. One of the things that would have been cut was Medicare re-reimbursement to physicians by 30%. Dentistry has never been included in Medicare so this does NOT affect any dentist in the country.

I have told you that overhead in a dental practice is 65%-70% for the average dentist (I am in that group.) If a dentist has his or her fees reduced by 30% that means that the dentist would be able to pay all the bills to run the dental practice but that there would be NO money for the dentist to take home.

ZERO INCOME!!!!!!!!!

Physicians will, as things exist now, be paid 30% less if they agree to see Medicare patients. Why would any physician continue to see Medicare patients if he or she will not get paid to do so?

The wealthy elderly will not be affected as usual but the elderly that are totally dependent on Social Security for their monthly survival will be unable to pay a physician out of pocket to see a doctor.

Does this make any sense?

Don't get angry...Call your Congressman.

Would you work for someone who is going to cut your pay by 30%