If we consider the budgetary formula enacted in 1997 by the Congress, Medicare reimbursements might get reduced by 25% by 2014. A large number of doctors are already refusing to see Medicare patients due to low payment and with this further reduction, more doctors might refuse to accept Medicare patients.
It has been estimated that by 2019, doctors under Medicare will get lower payment than doctors under Medicaid. Due to lack of effective solutions, practices are either opting out of Medicare or limiting the number of Medicare patients.
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