Doctors threaten to close up shop over changes to Medicare
ABC, February 26, 2010
Contributor: Kerry Kavanaugh
Email: kkavanaugh@abcactionnews.com
For Doctor Stephen Kreitzer, practicing medicine is about to get a lot more expensive because he's getting a pay cut.
"A lot of physicians could not stay in practice at a 21% cut," he says.
Of his 5,000 patients, Kreitzer says half, or 2,500, receive Medicare benefits. But on Monday March 1, the federal government is set reduce Medicare reimbursement rates by 21 percent.
The Tampa doctor says while he'll be making less, the rent is going up, supplies are more expensive, and employees need raises. But, Kreitzer says they'll be lucky if they even get a pay check.
posted by Kathie Bracy at 8:37 AM
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