There are winners and losers but 21 of the 46 PMS practices in Suffolk are to have their income slashed.
The practices will lose varying amounts ranging from 1.2 per cent to 32.7 per cent under Suffolk PCT's formula for redistributing funding.
GP revealed that the 46 practices had been given six months' notice in March. The new contracts could start in October.
The PCT used the GMS global sum formula to weight individual practice lists. Funding was added for local enhanced services including minor surgery and minor injuries.
Red Lodge PMS GP Dr George Hopkinson said he felt 'shell-shocked' when his practice received notification that it would lose 12.3 per cent of its funding.
'I feel like I'm being bullied by the state,' he said.
Dr Hopkinson said the that PCT had used a 'divide and rule' tactic by pitching practices that stood to gain against those facing a loss.
'The ill will that will go with this is huge. It makes you feel like packing your bags and going home,' he said.
The reduced funding is to be phased in over three years.
Bill Robinson, chief executive of Suffolk LMC, said that the changes meant that some parts of the county were 'three years away from catastrophe'.
He also said that most practices had used PMS budgets to fund additional nursing staff and salaried GPs.
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