Fee Schedule Update [06-21-10]

Filed under: Industry Updates — Editor @ 11:15 am

The Senate made repeated attempts over the last week to pass a tax and social extenders bill (also referred to as the “jobs bill”) which would have included a fix for the physician fee schedule. However, growing concerns on both sides of the aisle about the burgeoning federal deficit thwarted each attempt. Late on Friday June 18th, the Senate by voice vote passed a separate bill addressing the 21 percent reduction in the fee schedule. The bill the Senate passed would prevent the reduction in the fee schedule payments (which became effective on June 1, 2010) until November 30, 2010. During this time period, the fee schedule would be increased by 2.2 percent. The cost of this provision is $6.4 billion and is fully paid for by provisions in the bill.

I want a jobs bill or no deal on the Fee Schedule!

The House must now pass the legislation before it can be sent to the President to be signed into law. There may be problems with the bill in that body, however. On Friday night, it was reported that House Speaker Pelosi said: “I see no reason to pass this inadequate bill until we see jobs legislation coming out of the Senate.”  Further information on where the House might head on this issue will emerge this week.

CMS had been holding claims for payment under the fee schedule until last Friday when it had no choice under the law but to begin to process claims. CMS will continue to do so until Congress passes and the President signs legislation to forestall the fee schedule reduction.

From The National Association of Rehabilitation Providers & Agencies.  Marden Supports NARA.

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