Excerpted from “
Doctors Get Reprieve From 21% Medicare Payment Cut” By Pat Wechsler,
Bloomberg BusinessWeek, March 29, 2010, 4:48 PM EDT
[size="+2"]T[/size]he House passed legislation in November that would replace the schedule of cuts with annual increases costing $210 billion. In 2010, the increase would be about 1.2 percent, reflecting the rise in the Medicare Economic Index, according to the Congressional Budget Office.
The Senate never took up the legislation. Instead, it passed a bill that would delay a decision on the 21 percent cut until Oct. 1. Because the House and Senate didn’t pass the same legislation delaying or removing the reduction, the cuts are scheduled to take effect April 1.