Yes, reduction is a common procedure, and very helpful

Coneja:

The American Society of Aesthetic Plastic Surgeons (ASAPS at surgery.org) annual statistics report 140,000 breast reduction operations were done for women in the US in 2008.  This is second to augmentation and more common than mastopexy (breast lift).

Breast reduction patients are among the happiest patients in a typical plastic surgery practice.  Insurance tends to cover larger reductions when patients have back, neck and shoulder pain.  Patients themselves pay for reductions that basically improve body proportions and appearance. 

Seek an experienced board-certified plastic surgeon by networking with friends, primary care doctors and your county medical society referral service.