Stalled Political Efforts Could Bring 27% SGR CutA fiscal cliff compromise could’ve prevented a 27 percent cut in the Sustainable Growth Rate and a 2 percent cut in Medicare sequestration, but political negotiations have stalled, according to the American Society of Anesthesiologists.
The overall 29 percent cuts will take effect automatically if a deal is not reached before Jan. 1, 2013. Politicians may have come to a stalemate over top tax rates associated with the expiration of Bush-era tax cuts, according to the report.
Talks are set to resume Dec. 27.
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