The U.S. House of Representatives has passed and sent to President Barack Obama a bill that will delay for a year a scheduled 23% cut in the Medicare Physician Fee Schedule under the sustainable growth rate (SGR) formula, according to the House's Office of the Clerk.
A day after the Senate passed the measure, the House did the same in a vote of 409 to 2.
If President Obama signs the bill, it will go into effect on January 1, 2011, and will cost an estimated $19 billion -- which will be offset by shifting money from the healthcare overhaul law.
Related Reading
Senate reaches 1-year deal on SGR, December 8, 2010
Obama signs SGR extension, December 1, 2010
House passes 1-month SGR extension, November 29, 2010
Senate passes 1-month SGR extension, November 19, 2010
Congress tries to wrangle another SGR fix, November 18, 2010
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