Medicare Back on the Brink Over Cuts to Doctors

Doctors are now facing a 27 percent cut in fees for treating patients with Medicare if Congress does not make a decision regarding the federal budget. The deadline for a decision is January 1. The recent failure to make a decision by the supercommittee still leaves this issue unresolved.

"They have to come up with a solution, and they will have to appear to pay for that solution, and that will be contentious," said economist Robert Reischauer, one of the public trustees who oversees Medicare and Social Security financing. “One option: cut other parts of Medicare. Another: trim back spending under the health care overhaul law. Either of those approaches would mobilize opposition.”

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Source: Yahoo News/Associated Press