President Obama’s New Budget Proposes A 2-Year Medicare ‘Doc Fix’
February 14, 2010 — President Barack Obama’s proposed budget for fiscal year 2012 would delay a massive reduction in Medicare reimbursement for physicians from January 1, 2012, until January 1, 2014, and freeze rates in the meantime.
Released this morning, the budget for fiscal year 2012, which begins October 1, would finance this so-called “doc fix” to the Medicare reimbursement crisis by, among other things, reducing the Medicaid provider tax threshold, reducing Medicaid outlays for durable medical equipment, and speeding new, lower-cost generic drugs to the marketplace. These measures would raise $62.2 billion, which would offset the $54.4 billion cost of the 2-year doc fix and yield an additional $7.8 billion in savings. (more…)