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CBO outlines impact of keeping current doc-pay rates
Modern Healthcare

Maintaining the Medicare program’s current payment rates to physicians and eliminating the expected automatic cuts to nondefense spending early next year would increase federal spending by about $40 billion in 2013 and by $61 billion the following year, the nonpartisan Congressional Budget Office projected Thursday. As lawmakers prepare for intense deficit-reduction negotiations in Washington, the CBO released an analysis that details the consequences of not addressing the fiscal cliff, which describes a series of looming tax increases and spending cuts designed to reduce the nation’s federal budget deficit.