One more detail that was buried within the Healthcare reform bill, found in section 9006, is the requirement for every business to file a 1099-MISC form for each vendor from which the business purchases good or services of more than $600 in any calendar year. The purpose of this section is to collect an approximated $2 billion a year in lost tax revenue on income that is not reported to the IRS. While the goal of collecting all legitimate tax revenue is praiseworthy, this is not a very effective way to achieve this goal. Read the rest of this entry »
Archive for category Healthcare Reform
With all the changes coming down the pike with the healthcare reform bill, you should be strategizing on how to accommodate these changes into your practice, while still maximizing patient care and profitability for your practice. While this seems like a tall order, (only because it is) you do have time until the majority of mandated changes take place in the healthcare insurance industry. Most of the effects of the healthcare reform don’t take place until 2014, with only a few beginning in 2012. Read the rest of this entry »
New Health Providers: Complementary and Alternative Medicine Must be Incorporated Into Your Practice
Jul 8
The Healthcare Reform Bill of 2010 may drastically alter the way that medicine is practiced in the future. For the new healthcare provider this uncertain future may seen daunting, but you should view this as a time for exploring new dimensions in healthcare. Now may the perfection time to incorporate complimentary and alternative healthcare techniques and providers into your practice. Read the rest of this entry »
I’m sure that you have heard the same rumors that I have heard about physicians leaving the healthcare industry. Some of these reports may be true, some may be exaggerated, and some may be scare tactics. But, what is the truth? Read the rest of this entry »
By AuntMinnie.com staff writers
June 22, 2010
House Democratic leaders said yesterday they will not vote on the Senate’s six-month fix to the sustainable growth rate (SGR) formula until the Senate passes jobs legislation, according to the Congressional Quarterly.
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SENATE UNABLE TO PASS 6-MONTH MEDICARE PAYMENT PROVISION; CMS TO NOW BEGIN PROCESSING HELD CLAIMS AT -21.3%
The Senate was unable to pass the American Jobs and Closing Tax Loopholes Act (H.R. 4213) late Thursday night, despite reducing the length of the Medicare physician payment provision from 19 months to 6 months in order to reduce the overall cost of the bill. Read the rest of this entry »
t’s no secret that widespread dissatisfaction with insurance practices is driving practitioners toward alternative ways of being paid for their services. With the devastating 21% cut to Medicare reimbursement rates, many physicians are even less sure that they can continue to do business as usual.
Restoring profitability to private practices is going to be a challenge. Physicians will have to become thought leaders in creating a patchwork of solutions.
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Healthcare Reform has passed but it will be a long time before the experts figure out the many ways that physicians will be affected. Predictions are that taxes and premiums will increase, doctors will be forced to consolidate and the health care system will become two tiered. Here is our summary of the “first wave” of opinions that are coming from our contact with physicians and with key experts in the field.
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Many observers of the healthcare reform debate have been under the impression that the government and insurance carriers were on opposing sides. Not so! When it was all said and done, the insurance carriers in America and the United States government have joined forces to become the largest insurer of healthcare in the history of the world. The insurance carriers got thirty million new subscribers as their part of the deal and the Democrats got their wish of universal coverage and regulatory control over the insurance carriers. As one commentator described, “ the insurance carriers really are now claim processors for the government. They are virtually guaranteed to make a profit and all they have to do is play by the rules that the government sets up.”
Check out the observations made by doctors around the country and give us your take:
“If it’s necessary to respond to guidelines rather than what you see, feel and hear when you’re evaluating a person, then perhaps you’re going to do something that isn’t really the right thing.”
“We’re the bad guys now because we help people live to 85. So now we’re trying to change healthcare because people are living too long.”
“When you have an illness and you want an accurate diagnosis and treatment, you want a specialist, not a GP”
“Government is in the process of duplicating everything that managed care did for the last 15 years that was reviled by everybody.”
“We are now being told that we take the Hippocratic Oath too seriously.” (all quote come from Betsy McCaughey, Wall Street Journal, OpEd, Nov 6, 2009)
What do you think?
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