Local Cancer Clinic Grapples With Federal Budget Cuts
Friday, April 5, 2013
Central New York’s largest private cancer practice which has office in Homer will lose about $500,000 a year because of the federal sequestration budget cuts that took effect April 1.
Despite the funding cuts Hematology-Onocology Associates of Central New York says it has no intention of turning away Medicare patients like some other cancer clinics across the country.
A 2 percent cut in Medicare payments triggered by the across-the-board federal budget cuts took effect April 1. The cut is hurting cancer practices because it applies to both payments for office visits and the costly chemotherapy drugs administered by doctors to patients.
The cancer practice is facing a 2 percent cut in the amount of money it is reimbursed for chemotherapy drugs. About half of the practices patients are on Medicare.
Several clinics across the country have been turning patients away due to the budget cuts.
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