Jan 2, 2013

Medicare Payments Frozen for Another Year

One day after the official deadline, the U.S. Congress yesterday stepped away from the so-called "fiscal cliff" and slapped another one-year patch on physicians' Medicare payments.

The 13th-hour deal averts the 26.5-percent cut in Medicare payments that was scheduled to take effect on Tuesday by freezing the current rates for 2013. It finances the $25 billion cost of the freeze with a package of cuts in Medicare payments to hospitals, pharmacies, and end-stage renal disease treatment.

Read all the details of this sadly annual event.

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