tci Part B Insider - 2005 Issue 3

Congress To Seek $100 Billion In Medicare Savings

While physicians are hoping Congress will repair their broken payment formula and avert cuts averaging 5 percent for the next half dozen years, Congressional aides are looking to Medicare for steep savings.The aides are saying they want to see $100 billion in savings from Medicare this year to provide more money for President Bush's priorities, says Washington attorney James Pyles with Powers Pyles Sutter & Verville. Bush is imposing a strict spending formula, allocating as much money as possible to Iraq and Social Security plans."It will be the rare and lucky provider segment that escapes cuts,"...

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