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Medicare reimbursement often falling behind costs of care.

Publication: Mississippi Business Journal
Publication Date: 27-OCT-08 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Medicare reimbursement often falling behind costs of care.(Healthcare Mississippi)

Article Excerpt
Aging Baby Boomers may very well be on a collision course when it comes to being able to get adequate healthcare treatment from Medicare after turning 65. The problem is that the costs for family practice physicians to treat a Medicare patient are often more than reimbursement.

Dr. Eugene Wood, who recently retired from the Hinds Internal Medicine Group at the Central Mississippi Medical Center, Jackson, is worried about his patients finding another doctor.

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"I retired last week, and in the past couple of months I have been attempting to place patients with good doctors who will rake Medicare," Wood said. "Many times patients me call back and say the doctor said they have their allotment of Medicare patients and aren't taking any more."

'Going in the hole'

Wood practiced family medicine as a solo practitioner for 44 years. But because he had a large percentage of Medicare patients, he was losing money.

"When I saw a Medicare patient with...

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