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Obama Signs Bill To Delay Medicare Physician Pay Cuts

On Wednesday, President Obama signed into law a bill (HR 4994) that would delay for one year scheduled cuts to physicians' Medicare payments, blocking a 25% payment cut that would have taken effect on Jan. 1, 2011. The bill -- which is estimated to cost $14.9 billion over 10 years -- would extend current Medicare reimbursement rates until 2012.

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