Posted on 06/18/2010 2:00:09 PM PDT by Evil Slayer
A six-month stay on Medicare cuts cleared the Senate Friday but too late to avert what will be still a claims processing nightmare for physicians faced with a 21 percent reduction in their reimbursements.
With the House gone for the weekend, no final resolution is possible before next week, and the Senate itself only acted hours after the deadline set by Medicare administrators.
The payment cut will be eliminated and a 2.2 percent raise will be applied to Medicare reimbursements through Nov. 30. Senate Finance Committee Chairman Max Baucus and ranking Republican Charles E. Grassley came up with the deal late Thursday after Republicans opposed a larger tax extenders package that included the Medicare provision. It is expected to cost $6.4 billion over 10 years.
(Excerpt) Read more at politico.com ...
hahha trying to put it off til after NOV?
Why didn’t they pass this at 3am on Sun like they usually do?
Once again the nobama regime diddles, making it very hard for private enterprise to do any strategic planning.
At the rate we’re going, the economy won’t stabilize for 15 years, if then. Damn glad I’m old.
The cost figures are going to be a bit higher than anticipated, since they’re now going to double their claim processing expenses for several weeks.
So, doctors are to get their compensation reconsidered every six months? Doesn’t sound like much of a career. :(
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