Healthcare Business News

Obama signs measure averting doc-pay cut

By Jessica Zigmond
Posted: February 23, 2012 - 10:45 am ET

Without fanfare, President Barack Obama signed the Middle Class Tax Relief and Job Creation Act of 2012, the bill that includes a provision to prevent a 27.4% cut to Medicare physician payment rates on Feb. 29.

The president signed the bill after Congress last Friday passed the legislation, which will freeze Medicare physician payment rates at their current level until Dec. 31 and also extend certain Medicare programs.

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The White House blog posted an e-mail from David Plouffe, senior adviser to the president, who said Obama told a group of visitors to the White House: “Until you see me sign this thing, you've got to keep on speaking up. … If it's not on the White House website, it hasn't happened.”

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