Quantcast


Last updated: February 19. 2013 10:49PM - 72 Views

Story Tools:

Font Size:

Social Media:

(AP) Medicare is warning doctors and millions of elderly patients that payments will be slashed next year unless Congress acts soon.


The potential 27 percent cut to doctors effective Jan. 1 is the consequence of a 1990s budget law gone awry. In the past, Congress has routinely waived the cuts. But the problem just returns every year Medicare's own version of a fiscal cliff.


Solving it this time is more complicated because of the political impasse over deficits, taxes and spending. Although the formal notice from Medicare on Wednesday was expected, it increased worries for medical groups.


The American Medical Association says Medicare would be devastated if the cuts go through, and advocacy groups such as AARP agree. Many doctors might stop taking new Medicare patients.


Associated Press
Comments
All user comments are subject to our Terms of Service. Users may flag inappropriate comments.
comments powered by Disqus



Featured Businesses


Poll



Info Minute



Gas Prices

Wilkes-Barre Gas Prices provided by GasBuddy.com