U.S. House leaders pursue lasting fix for doctors' Medicare pay

March 18, 2015 7:43 PM

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WASHINGTON (Reuters) - U.S. House Speaker John Boehner and Democratic Leader Nancy Pelosi are pursuing a bipartisan deal to spare physicians from recurring Medicare pay cuts, but the two leaders face a familiar conundrum: how to pay for it.

Hundreds of thousands of doctors who participate in traditional Medicare face a 21 percent cut in their reimbursements on April 1. The cut is part of a 1990s cost-saving initiative for the government healthcare program, which today serves 54 million elderly and disabled people.

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