By Julian Pecquet - 12/09/11 05:35 PM EST
Proposed cuts to the health law include:
• Cutting the law's private insurance subsidies by $13.4 billion;
• Repealing the law's restrictions on physician-owned hospitals;
• Rescinding $8 billion from the Prevention and Public Health Fund; and
• Reducing Medicaid spending on hospitals that treat uninsured people by more than $4 billion.
Instead of a 27.4 percent cut on Jan. 1, physicians would get a 1 percent increase in their Medicare rates for each of the next two years.
The package extends several other expiring Medicare provisions, but not automatically, as in years past:
• Payment increases for ground ambulance services would stay in place;
• Outpatient therapy services would not be capped at $1,880, as currently projected;
• Physicians in certain geographic areas would still get higher reimbursements; and
• The Qualified Individual Program that provides Medicare premium assistance to low-income seniors would be extended.