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

Greece’s Interior Minister Says Greece will not be Able to Repay Debt Next Month
Nikos Voutsis, Greece’s Interior Minister
Rig Count in U.S Slows, Oil Trades Close to $60
Third Annual ‘March against Monsanto’ held on Saturday
In Response to Tuesday’s Oil Spill, Governor Jerry Brown
Ruptured Oil Pipeline Leads to 21,000 gallons of Oil Flowing into California Coa
Janet Yellen Awarded her Second Yale Degree
Japan’s Improved First-Quarter GDP Portrays a Recovering Economy
A Plane of Hawaiian Airlines Bound for Honolulu Made Emergency Landing in LAX af
U.S Supreme Court Ruling Says Employers Must Monitor Fees for 401(k) Accounts
Starbucks to Partner with Stopify for Music Streaming Services
Kering Sues Alibaba in the U.S Court for Selling Counterfeit Goods