Sequestration Medicare Physician Pay Cut Extends to 2024
A new law signed by President Obama last week extends cuts to Medicare physician pay through 2024. The law extends the 2 percent cut on physician pay caused by sequestration, across-the-board cuts in federal spending, through 2024. This is the second time in two months that lawmakers have enacted legislation that is funded by extending the cut to physician pay.
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April 1, 2013
Medicare Reimbursement Cut Implemented April 1 as Result of Sequestration
As of April 1, Medicare physician claims submitted for reimbursement are being reduced by 2 percent as part of across-the-board cuts in federal agency spending caused by the sequestration process. Costs for drugs administered by the physician that are included in those claims are also subject to the 2 percent cut.
