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Final Budget Bill Contains 3-Month Delay in Drastic Cut to Physician Medicare Fees

In a rare burst of congressional bipartisanship, the Senate has approved a federal budget compromise that includes a three-month postponement of the 24.4% cut in physician Medicare reimbursement that was scheduled to take effect January 1. The House passed a similar three-month patch as part of its budget bill, and President Obama is expected to sign the legislation.The huge payment cut stemmed from the sustainable growth rate (SGR) formula, which each year is used as a key part of the calculation to determine Medicare reimbursements. The size of the cut is in...

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Published By: Psychiatric News - 3 days ago