Fiscal Cliff Deal Cuts Medicare Payments To Hospitals

Law360, New York (January 2, 2013, 5:32 PM EST) -- Congress agreed once again to avert a massive scheduled cut to Medicare's physician payment rates Tuesday, but lawmakers balanced the $25 billion fix by cutting payments to hospitals, dialysis clinics and other providers.

The legislation, part of a deal to avert some of the tax increases and scheduled spending cuts that make up the fiscal cliff, extends the current payment rates for doctors for one year, at a cost of $25.2 billion, according to the Congressional Budget Office.

In order to meet that price tag, lawmakers...
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