ICS Staff | Nov 4, 2020 | 0
What Will Happen If Medicare Cuts Occur? New Action Needed
The looming Medicare cuts have the potential to have a greater impact on ALL chiropractic physicians than may appear on the surface. If you have not seen our previous announcements, HHS is proposing massive chiropractic care cuts that may be as much as 19.54%. There are many reasons for the proposal, and many provider groups are facing cuts.
But this only impacts Medicare, right? Well, no, not really. The cuts from Medicare appear to negatively impact the RVU factors that are used by many payors and regulatory agencies. Here is a short list of potential negative impact to payments:
- Insurance company fee schedules;
- State workers’ compensation fee schedules;
- Personal injury adjusters’ RVU usage for reasonable and customary determinations;
- Regulatory bodies’ RVU use to determine reasonable current market prices; and
- Medicare reimbursements (of course).
In short, the ICS anticipates that these fee cuts will negatively impact every chiropractic physician in one way or another.
THE ICS AND THE PROFESSION NEEDS YOUR HELP
There is brand new legislation introduced 12 days ago that will hold providers harmless from these changes for at least two years. The bill is titled, “Holding Providers Harmless from Medicare Cuts During COVID-19 Act of 2020,” and would hold reimbursements at 2020 levels and allow for increases to examination fees through 2022. You can see the legislation here and see the announcement here.
The chiropractic profession needs you to contact your US Representative to urge him/her to support the legislation. It will take less than 5 minutes of your time, but could make a difference for years to come.
Why is the ICS asking for help again?
Our initial request to contact Congress was critical to garner the support early and help bring us to where we are – with an appropriate legislative solution.
Our second request asked for support for the best solution at that time, but as we have learned in 2020, things change and we must learn to adapt.
The current bill appears to be the best solution that has garnered the greatest attention. Please, click here to contact your US Representative for support today… again.
If you would like more information and history on this issue, please see our article from earlier in September.