Following Senate action, the House passed the "fiscal cliff" bill on a 257-167 vote late Tuesday. The bill, HR 8, contains a one-year fix to the Sustainable Growth Rate formula that calls for a 26.5 percent reduction in Medicare reimbursement. The provision maintains payment at current levels.
Also of interest to health providers is a two month delay in implementation of the sequester that will cut $1.2 trillion in federal spending over ten years including a two percent reduction in Medicare physician payments.
Follow the latest developments in upcoming Capitol Hill Reports.