Yesterday, the Senate passed an amended HR 4851, the Continuing Extension Act by a vote of 59-48 and sent it to the House for consideration.  The House then passed the measure by 289-112 and it was quickly signed by President Obama.  This legislation prevents the 21.2% physician fee schedule payment cut by extending 2009 rates until May 31, 2010, and is retroactive to March 31.  The bill addresses other key expiring provisions as well, such as unemployment insurance and COBRA benefits.

For additional information and Medicare updates click here.