Mon June 03,
2% Sequestration Medicare Fee Cut
As of April 1, 2013, Medicare fees were effectively cut by 2% as part of the overall federal cuts required by sequestration.
For participating providers, patients will still be required to pay the same copay they paid before sequestration (even though the percentage of the total will be slightly higher than it was since the amount received from Medicare will be lower), but the provider will receive 2% less from Medicare. Nonparticipating providers may continue to charge patients the limiting charge for the service, and the 2% will be subtracted from the reimbursement they get from Medicare.
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Clinical Manual of Geriatric Psychopharmacology
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