Congress Extends Sequester for One Year, Applies Funds to Physician Payment Reform

The House and Senate have approved legislation that would extend for one year the across-the-board cuts in certain discretionary government programs, known as the sequester, and apply $2.4 billion toward overhauling the Medicare payment system for physicians. President Obama is expected to sign the measure. The bill, S. 25, reverses a $6 billion cut to…