Senate Passes Continuing Extension Act of 2010
Just hours after the Senate passed its version of the Continuing Extension Act of 2010, the bill passed in identical form in both the House and Senate and now awaits the signature of President Obama before coming law.
If the president signs this bill into law, the 21.3 percent Medicare pay cut to physicians will once again be postponed, and the currents rates will be in effect through May 31.
The Continuing Extension Act of 2010 (HR 4851) amends the Temporary Extension Act of 2010 (HR 4691), which extended the zero percent payment update to physicians through March 31.
According to the American Medical Association (AMA), the Centers for Medicare & Medicaid Services (CMS) has indicated that any claims paid at the reduced rate will be adjusted accordingly as if the pay cut never went into effect on April 1.