If only the GOP had won last November none of this would be happening
House leaders are closing in on a deal to permanently avert cuts in payments to physicians under Medicare, two House aides confirmed Friday.The deal would offset only about $70 billion of the more than $200 billion cost of making the permanent fix, however. This would likely draw opposition from conservatives over budget concerns.
So, $130 billion in new deficit spending to "permanently" deal with the "Doc-fix?" Swell.
What's the "Doc-fix" you might ask and why is it such a problem? Well, it's a problem that needs "fixing" because it cuts spending. That's the only kind of "problem" DC ever tries to fix.
Back in the 90s the GOP Congress set up caps on reimbursement rates doctors could charge Medicare. This seemed like a fun idea because at the time rates were no where near the cap. Well, early in the 2000s the rates when up and the caps were reached. Their bluff called, Congress promptly folded and passed the first of 17 "doc-fixes" to ensure the spice, er, money flowed.
Back in 2009 Obama swore they would never do another doc-fix and counted the cuts that everyone knew would never be implemented as savings to make the ObamaCare numbers work.
Read the rest here...