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Monday, December 20, 2010

PRESIDENT SIGNS BILL AVERTING MEDICARE CUTS

President Barack Obama signed the bill that eliminates the planned 25-percent cut in physicians’ Medicare fees for 2011, a move that will save Texas physicians about $1.5 billion over 13 months — $30,000 per physician — the American Medical Association says. Once again, we are back in the usual starting gates. Once again, last-minute legislation put off a cut. Once again, we have bought some time to devise a permanent replacement for the sustainable growth rate (SGR) formula that drives the cuts every year — which is a top TMA priority. Once again, Washington politicians are promising not to squander the window of opportunity. “It’s time for a permanent solution that seniors and their doctors can depend on, and I look forward to working with Congress to address this matter once and for all in the coming year,” the president said as he signed the bill. We’ll see.

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