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Medicare Watch

Medicare Physicians Payments Scheduled for Reduction 4/15/2008
New Senate Bill introduced to block scheduled reductions. This Senate bill that would block steep reductions in Medicare physician payment rates for the latter half of this year and all of 2009 while giving Congress enough time to devise an alternative to the sustainable growth rate.

S.B. 2785 - would provide a 0.5 percent increase in the Medicare physician payment rate for the final six months of 2008 and a 1.8 percent increase for 2009. If approved, the bill would block a 10.6 percent reduction scheduled to take place on July 1 and a 5 percent cut in 2009.

All Providers are urged to contact their representatives and senators to voice support for the legislation of S.B. 2785.

There is a chance Congress could let the July 1 deadline lapse or only pass a positive Medicare payment increase for the last six months of 2008 or for the next nine months, thus forcing the next Congress and administration to address the issue.

Posted on Tuesday, May 13, 2008 at 10:06 AM

Edited on: Tuesday, May 13, 2008 10:13 AM

Posted in Insurance (RSS), Insurance DC (RSS), Insurance MD (RSS)