Bill delaying Medicare payment cuts passes Senate

(By Alia Paavola for Becker’s Hospital Review)

The Senate passed legislation March 25 that will delay $18 billion in Medicare payment cuts through the end of the year.

The bill prevents a 2 percent federally mandated Medicare sequester cut from taking place. The federal payment cut was created in 2011 by the Budget Control Act to reduce federal spending by more than a trillion dollars by fiscal year 2021. The cuts target all industries, but Medicare spending specifically is subject to a cut of 2 percent annually.   Continue reading the article here…

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