California Healthline: Lawmakers Might Have Time To Avert Medicare Payment Cuts

Health care providers are hoping that a one-month delay in reductions to Medicare reimbursement rates under sequestration will give lawmakers enough time to develop and pass legislation to avert cuts under the sequester, Modern Healthcare reports (Daly, Modern Healthcare, 2/26).

The mandated cuts involve nearly $1 trillion in across-the-board reductions, including a 2% reduction to Medicare reimbursement rates. In January, President Obama signed legislation — negotiated by Vice President Biden and Senate Minority Leader Mitch McConnell (R-Ky.) — that delayed the cuts until March 1 (California Healthline, 2/26).

Delay in Medicare Payment Cuts

However, a provision in the sequester’s rules postpones the 2% cut to Medicare providers and insurers until April 1.

Some advocates say Medicare providers could avoid the cuts if the public outcry — which is likely to increase after the sequester’s initial reductions take effect — spur lawmakers to pass a quick deficit-reduction deal.

Read more: http://bit.ly/XI6S4t

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