Connecticut lawmakers are considering a $10 million financial assistance plan to help attract and retain physicians in parts of the state that are experiencing shortages, the Associated Press reports.
The plan, which specifically aims to maintain and support small medical practices, includes loans and grants for medical equipment and signing bonuses for new physicians. The bill calls for borrowing a total of $10 million, with $5 million effective July 1, 2013.
According to Michael Krinsky, MD, president of the Connecticut State Medical Society, the state's physicians currently face heavy financial burdens due to declining reimbursement rates from insurers, and small practices are having difficulty attracting new physicians and affording new medical equipment and electronic medical records upgrades.
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The plan, which specifically aims to maintain and support small medical practices, includes loans and grants for medical equipment and signing bonuses for new physicians. The bill calls for borrowing a total of $10 million, with $5 million effective July 1, 2013.
According to Michael Krinsky, MD, president of the Connecticut State Medical Society, the state's physicians currently face heavy financial burdens due to declining reimbursement rates from insurers, and small practices are having difficulty attracting new physicians and affording new medical equipment and electronic medical records upgrades.
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