Ditched by your doctor - blame Medicare (and now with Obamacare more doctors will ditch Medicare)
As a 21% cut in Medicare payment rates to doctors took effect Monday, eight of the 15 patients on Dr. William Schreiber’s schedule are on Medicare.
“I’m stuck,” he said. “I have to see them. I don’t have a choice” said Schreiber, a primary care physician based in North Syracuse, N.Y. “It’s not a case of closing my doors to Medicare to get back at someone for cutting my salary. It’s a case of economic survival.”
Shreiber’s eight patients are lucky, for now. Many doctors around the country are either not accepting new Medicare patients or dropping their Medicare patients altogether.
Physicians say they are shunning Medicare because they are tired of dealing with the yearly threat of a payment cut under federal law requiring that reimbursement rates be adjusted annually based on a formula tied to the health of the economy.
(Excerpt) Read more at money.cnn.com …
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