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With Election Over, All Eyes Turn to Medicare Cuts
With the election over, providers' eyes are turning to Washington, D.C. to see how lawmakers resolve the so-called "fiscal cliff" budget problems, which include the two percent across-the-board sequestration cuts set to hit Medicare providers' payment rates in early 2013.
Certain healthcare provider groups fear becoming targets for lawmakers to raise funds to head off the cuts in other areas. For example, hospital industry reps are already lobbying very publicly against another round of cuts to their rates.
Physicians also will be seeking funding from Congress, since they face...
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