Posted: Nov 29, 2010 7:26 PM by Michael Marsh
Updated: Nov 29, 2010 7:26 PM
Source: Associated Press
Congress put off cuts in Medicare payments to doctors for a month, giving a slight reprieve to a looming crisis over treatment of the nation's elderly. It postpones a 23 percent cut in doctor's pay that was scheduled to take effect this Wednesday. It gives lawmakers a month to come up with a longer-term plan to overhaul the system. The payment cuts are the result of a 1990's budget-balancing law. With as many as two-thirds of the nation's doctors threatening to stop seeing new medicare patients if the cuts go into effect, Congress has to periodically step in to stop the automatic cuts.