Seeking Alpha

Congress kicks the medicare cost containment can down the road again

  • Predictably, the U.S. Senate approves legislation that gives doctors a one-year reprieve from the proposed 24% Medicare pay cut specified under the Affordable Care Act. The House passed the measure last week. President Obama is expected to quickly sign the bill.
  • The $21B measure is supposedly paid for by cuts to health care providers, but 50% of the reductions won't happen for 10 years.
  • Congress will have to pass "doc fix" legislation again next year.
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