Medicare: A few more issues Many people look forward to Medicare as the primary source of funding for health problems they will be facing as they get older. No doubt, Medicare can be a big help, but there are several caveats. For one thing, physicians who accept Medicare patients may be doing so at costs that exceed the reimbursements they get from Medicare. Those who do accept Medicare have to assume that the shortfall will be made up by other patients. You may still be able to see a physician of your choice, but you will be responsible for payment. Of the various medical specialties, psychiatry has the largest share of practitioners who have opted out of Medicare: 42%. If you are enrolled in original Medicare and your doctor opts out of the Medicare program, you can find and compare health care providers near you at http://www.medicare.gov Medicare reimbursement rates have spiraled downward over the years and are typically even lower than those paid by private hea
Investment and economic observations by N. Russell Wayne, CFP, MBA. Mr. Wayne is the president of Sound Asset Management, inc. and former Managing Editor of The Value Line Investment Survey.