President Obama signed legislation (HR 3630) that delays scheduled cuts to Medicare physician reimbursement rates, extends the payroll tax cut and continues unemployment benefits. The $143 billion package delays the Medicare rate cut, which would have been a 27%, until the end of 2012. When the “doc fix” expires in December, physicians will face about a 32% reduction in Medicare payments.
President Obama signs legislation to delay Medicare cuts until end of 2012
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