Obama signs bill to delay Medicare doctor pay cuts
President Barack Obama has signed into law legislation that delays for one year a cut in Medicare pay to doctors.
The 25 percent reduction in physician payments had been scheduled to kick in Jan. 1, potentially disrupting care for the nation's seniors.
Delaying the cut will cost the government an estimated $19 billion.
The money will be shifted from the health care overhaul law, mostly by tightening rules on tax credits intended to prevent waste.
The AARP applauded the president's action. But the seniors' lobby said Congress must provide a long-term solution that replaces the current payment formula.
- $6.4B Henry Ford, Beaumont Merger Failed on Cultural Hurdles
- How Chargemaster Data May Affect Hospital Revenue
- Primary Care Docs Average More Hospital Revenue Than Specialists
- House Lawmakers Grill CMS Over Health Exchange Navigators
- Fortunately, Angelina Jolie Isn't On Medicare
- ED Physicians Key to Half of Hospital Admissions
- Don't Let Nurses Sink Your Bottom Line
- Insurer's App Aims to Lower Healthcare Costs, Securely
- 69% of Employers Plan to Offer Healthcare Coverage After 2014
- Uncompensated Care Faces a Double Hit in Some States