Wednesday, July 2, 2008

Cut in reimbursements for medicare

With physician reimbursements set to drop 10 percent, doctors will begin evaluating whether to stay with Medicare.

Senate Republicans blocked action last week on Democratic-backed legislation that would have averted the fee cut by instead reducing payments to insurers that provide benefits through Medicare Advantage plans. Republicans said that the insurer cuts, which the House approved, were too deep and that the Bush administration had threatened to veto the measure. Congress is set to be in recess until July 7.

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