Budget Sequester Brings Bad News for Physicians
Unless you've been living under a rock for the last several weeks, you are likely well aware of the budget sequester that took effect on March 1. The sequestration requires "across the board" cuts in federal spending. That, in and of itself, may not be such a bad news. However, what you may not be aware of is that the sequestration will directly impact physician reimbursement. Specifically, according to a recent article in OrthopedicsToday, the sequestration includes a 2% cut in Medicare reimbursement for physicians. At a time when physicians are struggling to make ends meet, this is just more bad news from the feds.
