It's Christmas in July for Medicare-participating physicians—though the gift is far from being delivered. On Wednesday, the House Energy and Commerce Committee unanimously passed bipartisan legislation to repeal Medicare's sustainable growth-rate formula and replace it with a stable system of payments to the nation's physicians.
For years, Congress has waited until the end of the calendar year to stave off a steep Medicare payment cut to physicians with a temporary fix.
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Delays in key provisions of the Patient Protection and Affordable Care Act last week last week are spawning congressional actions this week.
The Obama administration's surprise July 2 announcement that it will delay for one year the requirement that large employers provide qualifying insurance coverage for their workers or face tax penalties spurred told-you-sos from Republicans in Congress.
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