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Physicians, treatment facilities, medical training institutions, as well as beneficiaries are all vulnerable to the adverse effects of Medicare cutbacks.
Nationwide, hospitals will lose approximately $1.6 billion annually once new Medicare cuts go into place on October 1, 2002. The cutbacks contained in the fiscal year 2003 budget will present a substantial challenge in the days lying ahead for the programs 550,000 participating physicians and its 39 million beneficiaries (Haugh, 2002). In the resent days of staffing crisis's, liability insurance price hikes, and the overall elevating cost of providing healthcare, the Medicare cutbacks could not have come at a more inconvenient time for health care officials...
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