Lawmakers draft bill that avoids 21% cut to payments
Effective Mar 1, 2010
Published Mar 1, 2010
You are about to have your Medicare payments slashed 21%, but the Senate is racing against the clock to pass a temporary pay-fix bill to delay implementation of the cut now set to hit your wallet on March 1. Historically, Congress has delayed payment cuts caused by a "flawed" payment formula - and there's no reason to believe it won't delay the cut set for March 1 (PBN 2/1/10). However, in the past Congress has adjusted payments for one or two years at a time. The previous fix passed in December was for just two months and this proposed reprieve is for less than one month.
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