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Tax Refunds Would Be Delayed If We Go Over The Cliff Among Other Thing | Dr. Timothy Lawler

Tax Refunds Would Be Delayed If We Go Over The Cliff Among Other Things

Yes, with all of this fiscal cliff debacle, there are some things that are bound to happen, and that’s why I wanted to share this brief clip with you.

And one of the most interesting things that I have noticed is that people wanting to get rocking with their tax refunds in early 2013, if they were going to get one in the first place, will not even start to get them until after March.

Or, how about your travels.

Want to take a long weekend getaway early in the new year?

Well, you may be waiting in line a little longer than normal because a few transportation areas will be getting cut as well, meaning less people to work those jobs, and ultimately, you waiting a little bit longer.

And I’m not going to even dive into the entire doctor thing…aaah maybe I will a little.

Let’s just imagine that you are working for $10 an hour, and then overnight, you all of sudden only get paid about $7 per hour.  WTF?! you might think?

Yeah, that’s about to happen to hundreds of doctors.

Now I am massively over simplifying this here, but this is what will happen to tons of physicians’ pay.  Not many people understand that a crapload of doctors earn their income from Medicare and Medicaid reimbursements. They decide that tending to the millions of Americans without any or little insurance, or who have certain disease processes that prevent them from getting regular insurance….is the priority in their life.

By doing this alone, they are already saying….”yes, I am willing to take LESS pay than if I went to work in a traditional group or hospital setting.”

AND NOW, if we go over the cliff, they will have 27% less income coming in.

At issue is a permanent solution known as the “doc fix” for dramatic cuts to doctor payments from the Medicare health insurance program for the elderly under the so-called sustainable growth rate, or “SGR” formula. Without Congressional action, doctors face a cut in Medicare payments of nearly 27 percent on Jan. 1, 2013.

Do you think that there are still going to be doctors working to take care of these people?

Some will.  Most won’t.

The physician shortage in this country is drastic right now, and it’s about to get worse.

I could go on, but I won’t.

As of right now, it appears that we are going right off this thing, even though I wrote a few days ago that it may or may not happen.

It could get ugly folks.

Hold on to your hats.

Until next time…

Dr. Timothy Lawler

P.S.  I just really enjoy sharing this type of stuff via this blogging platform.  Enter your email here and check it out for yourself.