Medicare Reimbursement Cuts Effective December First
November 9, 2010
Will be catastrophic for seniors
Unless Congress acts, Medicare payment cuts of twenty-three percent to physicians will take effect December first. The American Medical Association has called for a permanent fix for years but is now pushing for a 13-month extension.
Individuals that take advantage of flexible spending accounts that allow workers to pay for medical expenses with pre-tax dollars will see a significant change starting January 1, 2011. Over the counter drugs and medicines such as aspirin, cough medicine and such will no longer be reimbursable unless prescribed by a doctor.
To read more, check out the November 9, 2010 NAHU Newswire.
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