Doctors Face 10.6 Percent Payment Cut for Patients on Medicare

US Senate fails to pass a bill that would cancel the 10 percent cut scheduled to occur on Tuesday July 1, 2008. The bill would increase Medicare payments to doctors by 1.1 percent in January and cancel the 10 percent cut scheduled to occur on Tuesday. The President threatened to veto the bill, because it would reduce federal payments to private insurance plans, like UnitedHealth, Humana and Blue Cross and Blue Shield companies that offer Medicare Advantage plans.

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