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Congress Likely to Skip Medicare Cuts
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Issue
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| Contributor | RP |
| Last Edited | RP Jul 26, 2006 07:27pm |
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| Category | General |
| Media | TV News - Columbia Broadcasting System CBS News |
| News Date | Thursday, July 27, 2006 01:00:00 AM UTC0:0 |
| Description | It will cost billions of dollars to override required cuts in Medicare payments to doctors, but the perennial stopgap move is necessary to ensure that patients receive the health care they need, lawmakers said Tuesday.
A program set up in 1997 to put the brakes on federal Medicare spending sets annual and cumulative spending targets for physician reimbursements. When spending increases exceed economic growth, payments to doctors are supposed to be cut.
Under the system, payments to doctors would have to be cut by 5 percent a year through 2016 to meet program spending targets, according to federal estimates.
That is unlikely to happen. Lawmakers fear that any reduction in payments could add to the record increases in Medicare premiums and drive doctors from the program.
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