Practice Management & Allied Staff News & Materials
Medicare and Medicaid Extenders Act passed
January 4th, 2011
The "Medicare and Medicaid Extenders Act of 2010" (HR 4994), passed on December 9 and signed into law by the President on December 16, delays, through December 2011, a 25 percent cut in Medicare physician reimbursements that had been scheduled to take effect January 1, 2011. The cost of the one-year fix is estimated at around $14.9 billion over 10 years and will be paid for primarily by recouping more money from consumers who receive excessive health care subsidies under the Affordable Care Act. A long-term solution to the flawed reimbursement formula is still necessary. Since January 2010, Congress has acted six times to prevent these cuts, and they will have to do so again within one year from the date this latest bill becomes law. AAOMS will continue to advocate on behalf of the specialty and closely follow this issue as the new Congress convenes in 2011.