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Frank Ciesla Authors Q&A On Medicare Part B

Is Medicare Part B impacted by the current debt crisis?

September, 2011, New Jersey Tech News - A portion of Part B is funded from general revenues, not from the Medicare Trust Fund, which potentially subjects it to a resolution of the debt ceiling crisis as well as the budget deficit. In addition, Part B payments deal with payments to physicians, which payments are subject under current law, to a reduction of approximately 30% on January 1, 2012. The attempt to resolve this issue under PPACA was delete. Therefore, a mechanism needs to be developed to maintain payments to physicians, who provide physician services to the Medicare population, which will need to be funded both out of the general revenue as well as the Trust Fund. For top earners, Medicare Part B already is means-tested requiring top earners to pay more for Medicare Part B than approximately 95% of the population.

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As a member of the New Jersey Technology Council (NJTC), the Giordano Firm contributes a Legal Q&A column to the TechNews magazine. The Q&A covers topics across various legal areas that may be of interest to this audience. Our goal is to provide sound legal advice and effective strategies to resolve business issues.
Tags: Frank R. Ciesla, Healthcare

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