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Saturday, June 26, 2010

Medicare Funding Cut Affects Practices And Patients

Medicare is a social insurance program administered by the United States government, providing health insurance coverage to people who are aged 65 and over, or who meet other special program.

President Barack Obama has signed a bill that temporarily spares doctors from a 21 percent cut in Medicare payments.

The measure delays cuts through the end of November while lawmakers work on a more permanent solution.

There was some urgency to approve the $6.5 billion bill. Medicare officials announced last week that the program would begin processing claims it had already received for June at the lower rate.

The money had been part of a larger bill to extend unemployment benefits for laid-off workers and provide states with billions of dollars to avert layoffs. That bill has been blocked by Senate Republicans because of the cost.



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