Today, the President will celebrate the overwhelmingly bipartisan law that was enacted last week, the Medicare Access and CHIP Reauthorization Act. This law strengthens Medicare, extends the Children’s Health Insurance Program (CHIP), and makes numerous other improvements to the health care system. With 392 votes in the House and 92 votes in the Senate, this law proves that we can come together to solve problems.
At last, the doctors who care for seniors and many Americans with disabilities will no longer have to worry that about the possibility of an arbitrary cut in their pay. And, Medicare’s beneficiaries won’t have to worry that this formula will jeopardize their ability to see a provider. The flawed Medicare payment system created 17 potentially deep cuts in the last 13 years – with 5 alone in 2010 (Figure 1). This law eliminates the risk of these steep cuts and ensures that doctors will be paid in full for the care they give.
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