While at poker the other night one of the players checked her Blackberry and let out a Whoop! that the Senate had overridden the Bush veto of the Medicare bill. She is in the medical business, much of which, for her, is Medicare. So, it seems, all is good in the Medicare Reinbursement world. I don't recall, however, seeing any news headlines on this. Anyone out who can confirm?
Here is the link. http://www.nytimes.com/2008/07/16/washington/16medic.html The bill cancels a 10-percent cut in payments to doctors that would otherwise occur automatically because of a statutory formula that reduces payments when spending exceeds certain goals. The president said he supported the main objective of the bill, to forestall reduction in physicians’ payments, but that he had too many reservations about other aspects of the legislation.
Mr. Bush said he opposed the bill in part because it would reduce federal payments to private Medicare Advantage plans, offered by insurers like Humana, UnitedHealth and Blue Cross and Blue Shield. In his veto message to Congress, Mr. Bush also complained that the bill would “perpetuate wasteful overpayments to medical equipment suppliers.”
With as liberal a congress as we now have I would think that President Bush was probably right in his assesment. Just more gotcha politics, instead of doing what is right for the country.