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U.S. Capitol07-17-08

Medicare/Medicaid Physician Payment Update

Last evening both the House of Representatives (383 - 41) and the Senate (70 – 26) overwhelmingly overrode President Bush’s veto of H.R. 6331, the Medicare Improvement for Patients and Providers Act, which reverses the 10.6% decrease in the Medicare reimbursement to Medicare providers which became effective July 1, 2008. It also halted the projected 5.4% cut for 2009 and provides for an additional 1.1% increase in Medicare reimbursement effective January 1, 2009.

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