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Congress kicks the can down the road AGAIN!
az4peaks2 posted:
TO ALL: - Although a vast majority of " experts" have long agreed that the formula used to calculate the Medicare payments for Physicians is, AND LONG HAS BEEN, badly flawed and needs a permanent fix, none has been formulated.

Instead, for several consecutive years Congress has chosen to, at least annually, adopt a "temporary" fix of 12 months or less, that has averted cuts in such payments. These cuts have accumulated until, if enacted on March
!st, 2012 as was scheduled, it would have amounted to an overall reduction in payments to Physicians, of over 27%.
This is true, even though reliable data establishes that during the same time-period M.D's expenses have increased.

So, once again, instead of coming up with a real solution, Congress has again chosen to pass a temporary fix that averts the cuts for another 10 months at the end of which, the problem will again require some congressional action. - (aka) az4peaks

Here is todays announcement:

"Congress approves measure averting 27 percent physician cut through 2012

A House-Senate Conference Committee tasked with identifying a compromise to avoid the pending 27.4 percent Medicare physician payment cut reached a 10-month deal that would maintain current physician payment rates through the end of the year.

The measure was approved this afternoon by both the House and Senate. The measure now goes to President Obama for his signature. The President is expected to sign the bill"

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