The Stead Health Group, Inc. - House Averts 2007 Physician Cuts

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Newsflash

CMS has extended the Medicare participation enrollment period. Physicians who wish to change their Medicare participation status for 2007 have until February 14 to do so. Changes in participation status will be effective January 1, retroactively if necessary, regardless of when the participation decision is made.

House Averts 2007 Physician Cuts

On December 8th, the U.S. House passed legislation to prevent a scheduled 5 percent cut in 2007 Medicare physician payments, and instead freeze payment rates for one year.

Approved in a 367-45 vote, the bill sets aside funds to help avert projected payment cuts in 2008. The measure would extend the geographic price cost index to maintain payment levels for physicians in rural areas. It would also establish a new quality reporting program that would begin in July. The Senate is expected to consider the measure over the weekend before
adjourning for the year.

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