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.
Posted by Steve Levine at 3:17 PM