News Headlines Article

Fiscal cliff appears closer as sequester bill clears House and ‘Plan B’ vote is dropped
Modern Healthcare

The House narrowly approved a measure that would maintain across-the-board cuts to Medicare payments while rolling back other spending reductions scheduled for 2013, but the legislation drew a veto threat from the White House. Meanwhile, House GOP leaders failed to muster votes for their “Plan B” proposal to avert tax increases and pulled that bill from the floor.

Thursday night’s votes appeared to set up yet another stalemate in the year-end fiscal negotiations, watched closely in the healthcare industry because the solution will likely require addressing a looming 26.5% cut to Medicare physician pay and because a deal might include new cuts to federal health programs.