|
|
Article: American College of Surgeons Urges Transition to New Physician Payment Rates Under Medicare
- Article from:
- U.S. Newswire
- Article date:
- October 5, 1995
CopyrightCopyright 1995 U.S. Newswire. Provided by ProQuest LLC. (Hide copyright information)
|
CHICAGO, Oct. 5, /U.S. Newswire/ -- The American College of
Surgeons today expressed alarm about provisions in the Medicare
budget proposals under debate in Congress that would establish a
single fee schedule conversion factor for all physicians' services
within the next few months.
The House proposal would establish a single conversion factor of
$34.60 as of Jan. 1, 1996. The Senate Finance Committee approved a
bill last week that would set the conversion factor at $35.42.
These proposals would translate into an approximately 12 percent
reduction in Medicare payments for all surgical services and would
heavily penalize surgeons, who have performed appropriately under the
current Medicare ...