Monday, August 26, 2013

More Doctors are now Accepting Medicare now:

More Doctors are now Accepting Medicare:

Baby Boomers and current Medicare Beneficiaries, here is some great news, "1.25 million doctors are accept Medicare!". The number of physicians accepting new Medicare patients rose by one-third between 2007 and 2011 and is now higher than the number of physicians accepting new private insurance patients, according to a Department of Health and Human Services report obtained by USA TODAY.

In 2007, about 925,000 doctors billed Medicare for their services. In 2011, that number had risen to 1.25 million, according to the report by the HHS Office of the Assistant Secretary for Planning and Evaluation.

"I think the report comes at a time when people are asking questions about Medicare," said Jonathan Blum, principal deputy administrator for the Center for Medicare Services. "It provides a more complete picture of how physicians choose to participate in the Medicare system."
I anticipate the number of physicians that accept Medicare to grow, for me it is purely economics. There are currently over 43 million people on Medicare, and 10,000 people aging into Medicare eligibility per day now through 2030. Not only is this going to be the largest demographic in US history, but it is also a huge opportunity for physicians to make money. Any physician that decides not to accept Medicare will be shunning the majority of people that require their services.
Medicare is negotiating on our behalf. Medicare is not the bad guy, in fact, Medicare regulating / Assigning an approved dollar amount is actually to all of our benefit.  Doctors are great, but if they were allowed to simply charge whatever amount they chose for their services, none of us would have affordable healthcare.
If you are new to Medicare, or you are shopping for a new Plan, the best thing for you to do is call your Doctor's office and ask these 3 questions:

1) Do you accept Medicare?
2) Do you accept Medicare Assignment?
3) Do you accept any Medicare Advantage Plans, if so are they an HMO or PPO?

In summary, the amount of doctors accepting Medicare is trending in our favor, and Medicare regulating what they are allowed to charge is actually a good thing.

Medicare insurance question? Want quotes from 20+ Medicare Supplement Companies? Want a chart of the available Medicare Advantage Plans in your County?

Call me, Robert W. Bache aka MedicareBob: 1-800-525-0299.


Robert W. Bache aka “MedicareBob”
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