Obama Signs Medicare Doc Pay Fix Into Law

On Friday, June 25, President Obama signed a law that that canceled the dreaded 21.3 percent pay cut for Medicare physicians and replaced it with a 2.2 percent pay increase.

The Preservation of Access to Care for Medicare Beneficiaries and Pension Relief Act is retroactive to June 1. CMS expects to start processing claims at the new rate no later than July 1.

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