Legislation Watch

Medicare Set-Aside Blog on July 15, 2008
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Earlier today, President Bush vetoed HR 6331 triggering an immediate 10.6% cut in physician reimbursements for doctors who treat Medicare beneficiaries. In no time, the House of Representatives overrode that veto by a whopping 383-41 majority and, shortly after, the Senate followed with a 70-26 vote. The bill’s popularity with the public and the medical community is undisputed, receiving widespread support from the AMA and the AARP. Supporters of the bill say the effect of the proposed cuts will discourage doctors from treating Medicare patients.

President Bush said in a statement “I support the primary objective of this legislation, to forestall reductions in physicians payments. Yet taking choices away from seniors to pay physicians is wrong.”

The 10.6% cut was set to take place July 1, 2008, as a result of a formula that calls for cuts when spending exceeds established goals. 

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