President Signs Bill Averting Physician Fee Cuts

President Obama signed legislation (HR 3630), Feb.22, that extends the payroll tax cut, continues unemployment benefits and delays scheduled cuts to Medicare physician reimbursement rates for ten more months.

The $143 billion package contains a "Doc Fix" that will delay the Medicare rate decreases through the end of 2012 when physicians will than face about a 32% reduction in Medicare payments.  

To fund the $18 billion needed to avert physician fee cuts, the agreement includes several health-related offsets that would save $21.2 billion over a decade. Cuts include:


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