Payment Reform Act

I get so irritated with info like this!! So we understand from the President's statement that some new Act has been passed impacting Medicare...he is "gratified" and blah, blah, blah. But it doesn't explain what this Pay as you Go thing really is all about and doesn't provide any source for further research on the subject. Give me a break!

The White House
Office of the Press Secretary
For Immediate Release
November 19, 2009
Statement from Press Secretary Robert Gibbs on House Passage of the Medicare Physician Payment Reform Act
“President Obama commends the House of Representatives for taking action to protect the care and physician choice that Medicare beneficiaries and TRICARE patients have earned. The Medicare Physician Payment Reform Act includes key provisions to update the payment system – including eliminating the steep payment cut scheduled for 2010, consistent with the President's FY 2010 budget proposal. The bill also increases payments for evaluation and management services and encourages the formation of accountable care organizations.
President Obama is also gratified that the House included statutory Pay-as-You-Go legislation in this package. Statutory PAYGO is an important, commonsense tool to help re-establish fiscal discipline in Washington, a principle that the President has long supported – particularly with respect to health care reform.
This legislation is an important step forward, and the Administration will continue to work with Congress to achieve comprehensive reforms, ensure choice and high-quality care for beneficiaries, and restore fiscal discipline in our legislative process.”