Your providers are safe from the impending 27.4% cut to their Medicare payments set to hit March 1 thanks to Congress passing a temporary ‘doc fix’ Friday through the end of 2012.
The vote to extend the payroll tax holiday bill and keep the current $34.0376 conversion rate through Dec. 31 comes on the heels of intense debate among Congress members as to whether preventing the pay cut was fiscally sound. The $150 billion bill failed to include deeper cuts requested by GOP Congress members but remained largely budget neutral.
Congress originally approved a two-month fix that was set to expire Feb. 29. Once signed into law, the new fee fix will be good through Dec. 31.