On Tuesday night, President Obama signed into law the “Temporary Extension Act of 2010” - a bill extending various benefits to unemployed Americans. Physicians across the country can collectively breathe a sigh of relief as the new law includes a provision delaying implementation of the 2010 Medicare physician fee schedule which includes a 21% across the board cut in Medicare reimbursement to physicians.

Now for the bad news: the extension is for only 30 days (until April 1, 2010). So, unless Congress is able to pull off a minor miracle in the next three weeks or so, physicians will once again be hyperventilating over their Medicare reimbursement.