On November 18, 2010, the Senate approved a bill that would temporarily postpone an impending 23 percent cut in Medicare payments to physicians through December 31, 2010. The House Majority Leader Steny Hoyer indicated that the House would act on the bill next week when it returns from its Thanksgiving break. The cost of the one-month payment extension is approximately $1 billion, and if approved, would ostensibly be paid for through cuts in reimbursement for physical therapy services. The cuts to therapy services are actually less than those in the final physician fee schedule rule, but since that is not yet in effect, apparently, Congress can claim those cuts as “savings.”
A summary of the bill is available by clicking here.