Medicare cuts expected March 1

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A two percent across-the-board cut to Medicare, which is part of sequestration along with defense and discretionary domestic programs, will be triggered on March 1 if Congress fails to act again to delay or prevent it.

On January 1, this cut was delayed for two months as part of the American Taxpayer Relief Act; this law also averted the “fiscal cliff” and provided another one year freeze for Medicare physician payment. President Obama is requesting another delay, but it is unclear what Congress will do.

Presently, there is no legislation that has been introduced to delay or prevent sequestration because of disagreement over how to pay for it – a delay of seven months is estimated to cost $85 billion.

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