So we have had a 1.4% increase in Medicare reimbursement over the past 8 years.
Meanwhile inflation has gone up over 19% during that same period.
http://www.usinflationcalculator.com/inflation/current-inflation-rates/
Most private insurances base their reimbursement rates on a percentage of Medicare rates.
So physicians have effectively taken more than a 17% pay cut since January 1, 2002.
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