|
Related Stories »
Latest Forex TV Video »
Political: House Passes Bill To Stop Reduction In Medicare Payments To Doctors (RTTNews) - The House voted Thursday to approve a physician repayment bill to permanently fix the way doctors who cover Medicare patients are reimbursed. The Medicare Physician Payment Reform Act was passed by a 243-183 vote, with Rep. Michael Burgess, R-Texas, the only Republican joining Democrats in passing the measure. Eleven Democrats joined the rest of the Republicans in voting against it. The legislation, which will cost $210 billion over the next ten years, will create a new formula that would boost doctors' payments by 1.2 percent next year instead of the 21 percent reduction now scheduled to take effect. After the legislation was passed, House Speaker Nancy Pelosi, D-Calif., said it will "permanently improve the way Medicare pays physicians and in doing so, guarantee that America's seniors will continue to have access to excellent care through Medicare." She added, "Today's vote by the House keeps our promise to strengthen Medicare, never weaken it." The White House voiced its approval of the bill's passage, with Press Secretary Robert Gibbs saying, "President Obama commends the House of Representatives for taking action to protect the care and physician choice that Medicare beneficiaries and TRICARE patients have earned." "This legislation is an important step forward, and the administration will continue to work with Congress to achieve comprehensive reforms, ensure choice and high-quality care for beneficiaries, and restore fiscal discipline in our legislative process," Gibbs added. House Republican Leader John Boehner, R-Ohio, on the other hand, was less-than-happy with the bill, saying, "Speaker Nancy Pelosi and House Democrats have voted to add nearly $300 billion to the deficit just days after the national debt topped $12 trillion for the first time in U.S. history." He added, "Democrats continue to add tens of billions of dollars to the deficit while promising to eventually end their unprecedented spending binge." The legislation must still pass the Senate before it goes to President Obama to be signed into law. |
Top Content » |
Contributor Login | Free e-mail Alerts | About Us | Contact | Advertise With Us |
| Rates | News | Video | Currency Focus | Resources |
| Forex Spot Rates | Top Forex TV Economic News | Most Recent ForexTV Video | Euro (EUR) | Global Economic Calendar |
| Cross Rates | Commodity News | Forex News | Japanese Yen (JPY) | Currency Converter |
| Equity Market News | Stocks & Bonds | Sterling (GBP) | Glossary | |
| Charts | World Market Previews | Education Video Series | Swiss Franc (CHF) | Currency Codes |
| Forex Charts | Forex Market Commentary | ProSticks Analysis | Canadian Dollar (CAD) | Global Statistic Resources |
| ProStick Charts | Technical Analysis | Australian Dollar (AUD) | CPI Avg. Price Calculator | |
| New Zealand Dollar (NZD) | CPI Inflation Calculator | |||
| Nordic (NOK) | CIA World Factbook | |||
| EMEA | Pivot Point Calculator | |||
 |
Content Sharing | |||
| RISK DISCLAIMER: By using this web site you agree to its terms and conditions. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Forex (or FX or off-exchange foreign currency futures and options) trading involves substantial risk of loss and is not suitable for every investor. The value of currencies may fluctuate and investors may lose all or more than their original investments. Risks also include, but are not limited to, the potential for changing political and/or economic conditions that may substantially affect the price and/or liquidity of a currency. The impact of seasonal and geopolitical events is already factored into market prices. The leveraged nature of FX trading means that any market movement will have an equally proportional effect on your deposited funds and such may work against you as well as for you. Past results are no indication of future performance. Information contained this web site is intended for informational purposes only and was obtained from sources believed to be reliable. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. | ||||
| Privacy Policy | Terms and Conditions | ||||