Doctors Term Medicare Cuts a "Threat" to Southwest Florida

.

Medicare payments

Starting Monday, the country's physicians will be faced with a 21.2% cut in Medicare payments, a reduction that the local health care professionals say could end up driving doctors out of the relatively "retirement-heavy" area of Southwest Florida, if nothing is done to block these.

Every year, rates are automatically set by a Federal formula, around since the 1990s that cannot be altered unless the Congress steps in and takes control.

Because the scheduled payouts have generally been lower, lawmakers have continually blocked them. But this has failed to happen as of Friday, a development which has prompted some in the medical community to envision the worst scenario.

"If that happens, it would make our business decision simple. We would go out of business", said Dr. Douglas G. Henricks, a Fort Myers internist, while tagging the 21.2% cut as a "devastating" move.

President of Lee Memorial Health System, Jim Nathan called the formula to calculate yearly payouts as one of the various "ticking time bombs" in the country's health care system.


Latest News

Herb Strather, Detroit blight Buyer Makes a Wednesday Deadline
Baidu with its Growing Mobile Presence, Hit 27 Percent Profit Increase
Third Quarter Profits for Samsung Electronics Drop Sharply
Federal Reserve Ends Bond Buying Programme, Keeps Interest Rates Low
Reduced Growth in Major Overseas Economies Affect U.S. Durable Goods Order
Lowe’s to Introduce Robots in Store for Customer Service
Facebook Shares Fall as the Company Portrays Increased in Expenses in 2015
USPS Audit Questions the Consistency of Surveillance Conducted on Mail
For the CEO of Twitter, Growth in Number of Users Is the First Priority
Highest Retail Sales Noted in Japan in Last Four Months
Madison Square Garden Co. is Planning a Split in Its Media, Sports and Entertain
In Matters of Auto Reliability Detroit Automakers Trail Behind Foreign Companies