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Tuesday, December 20, 2011

House Republicans Reject Senate Compromise for the "Doc Fix"

House Republicans rejected a Senate compromise bill that would have extended the 2 percent payroll tax break for two months along with the "doc fix", voting 229 to 193.  In a convoluted motion, House Republicans voted to send the measure to a conference committee, which will not occur in the near future. 

Basically, House Republicans killed a bill that would have prevented a 27 percent cut to Medicare payments, generically known as the "doc fix" provision. 

As of January 1, 2012, Medicare reimbursements will be cut by 27%.