Medicare Cuts Loom Large as 'Cliff' Nears

WASHINGTON -- It's looking less and less likely that Congress and the White House will strike a deal to keep the country from falling over the "fiscal cliff" next week, so physicians are preparing for a 28.5 percent cut in Medicare payments that will take effect on Jan. 1. That figure includes a 26.5 percent cut under Medicare's sustainable growth rate (SGR) reimbursement formula and a 2 percent cut mandated by the Budget Control Act, the piece of legislation that outlined the tax increases and...Full Story
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