December 15th 2007
With equipment prices rising and a 10.1% cut in Medicare reimbursement Doctors are facing the realities of Medicare's new fee schedule set to take effect on Jan. 1. , Congress was divided on how to address the cut. Democrats, led by Senate Finance Committee Chairman Max Baucus (D-MT), proposed a 2-year fee fix, whereas Republicans, led by Sen. Charles Grassley (R-IA), advocated a 1-year fix. The American Academy of Ophthalmology and the American Society of Cataract and Refractive Surgery are working with the American Medical Association to seek a fully funded, 2-year positive update for doctors. They are urging doctors to contact their legislators.