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CMS notifies physicians of pending payment cut

December 20, 2012

The Centers for Medicare & Medicaid Services yesterday notified physicians that a 27% pay cut is set to take effect Jan. 1. In its notice, CMS expressed disappointment that Congress "has failed to pass a solution to eliminate the sustainable growth rate formula-driven cuts, and has put payments for health care for Medicare beneficiaries at risk," and urged Congress to prevent the cuts from going into effect. Given that electronic claims are paid no sooner than 14 days after receipt, Congress has until Jan. 14 to act to prevent the cut to physician payments before 2013 claims will be processed. CMS said it would update physicians again by Jan. 11.