YID With LID: Doctors Abandoning Medicare, It's Going To Get MUCH Worse, Thank You President Obama

YID With LID: Doctors Abandoning Medicare, It's Going To Get MUCH Worse, Thank You President Obama: "Surprise, Surprise just as predicted by the medicare Chief Actuary, doctors are abandoning Medicare because of years of cuts in their pay which get locked in thanks to Obamacare.

Doctors across the country describe similar decisions, complaining that they've been forced to shift away from Medicare toward higher-paying, privately insured or self-paying patients in response to years of penny-pinching by Congress.

And that's not even taking into account a long-postponed rate-setting method that is on track to slash Medicare's payment rates to doctors by 23 percent Dec. 1. Known as the Sustainable Growth Rate and adopted by Congress in 1997, it was intended to keep Medicare spending on doctors in line with the economy's overall growth rate. But after the SGR formula led to a 4.8 percent cut in doctors' pay rates in 2002, Congress has chosen to put off the ever steeper cuts called for by the formula ever since."

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