The Senate passed a bill today to block the 21 percent cut to Medicare physician pay for six months (after failing Thursday to pass a larger bill extending tax and jobless benefits that also included the Medicare provision.) The measure will now need to be considered by the House (which has broken already for the weekend) which in May approved a pay fix that would last longer. Senators Max Baucus, D-Mont., and Charles Grassley, R-Iowa, cut the deal Thursday night. This “fix” replaces the cuts with a 2.2 percent raise.
ADVOCATE will continue to provide updates as they become available.
With best regards,
Kirk Reinitz, CPA