If no fiscal cliff deal is reached, doctors and hospitals that take Medicare patients are going to take a financial hit on January 1st. They “are going to get dinged twice — once by sequestration, and again by the lack of a ‘doc fix,'” reports Politico.
Going over the fiscal cliff would result in a 2 percent cut in payments to Medicare providers and private Medicare Advantage plans under sequestration. And if a “doc fix†isn’t passed along with a fiscal cliff deal, physicians and hospitals would face a 26.5 percent cut in pay for treating Medicare patients. Other smaller segments of the health industry, such as ambulatory services and rehabilitation therapies, would face cuts, too.
Read the whole story at Politico.