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tci Part B Insider - 2003 Issue 32
Medicare Reform: Physicians Escape 4.5 Percent Cut for 2004
Medicare reform legislation will increase payments 1.5 percent in 2004 and 2005
Instead of the 4.5 percent cut you've been bracing for, physicians will receive at least a 1.5 percent increase next year and in 2005, if the Medicare reform plan passes Congress.
The Medicare reform plan weighs in at 681 mind-numbing pages of legalese, but most of the news for physicians is very good. Besides the 1.5 percent increase for the next two years, the bill would help physicians who serve in "scarcity" areas such as rural locations.
From 2005 to 2008...
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