Senate Budget Resolution Contains Reserve Funds for Medicare Physician Payments
American Academy of Sleep Medicine
Thursday, March 22, 2007
According to the American Medical Association (AMA), the Senate Budget Committee on March 14 and 15, 2007, marked-up its version of the Fiscal Year 2008 Budget Resolution.
The Chairmans Mark of the Budget Resolution contained a provision known as a reserve fund that represents support for averting projected cuts to Medicare physician payments, though it does not actually provide funding to stop the cuts. Currently, Medicare payments to physicians are expected to be cut by 10 percent in 2008.
The Senate will consider the Budget Resolution this week. The House Budget Committee is also expected to mark-up its version of FY 2008 Budget Resolution this week, with a vote on the Budget Resolution the week of March 26, 2007.