The U.S. House of Representatives voted Thursday to pass H.R. 3961, the Medicare Physician Payment Act, 243-183, altering the way Medicare pays physicians and preventing a scheduled 21.2 percent rate decrease set to take effect on Jan. 1, 2010.
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In 2010, growth in national health expenditures is projected to decelerate to 4.6 percent, down from 5.5 in 2009, due to a projected decline in Medicare spending growth as a result of a 21 percent cut to Medicare physician payment rates, according to a healthcare spending projection report issued by the Centers for Medicare & Medicaid Services (CMS), prepared by CMS's Office of the Actuary and published online in Health Affairs.
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