- An Assessment of the Potential Effects of the Reductions in Medicare’s Payment Rates for Physicians Called for Under Current Law,
March 27, 2009 Letter to the Honorable John M. Spratt Jr.: “This letter responds to your request for an assessment of the potential effects of the substantial across-the-board reductions in Medicares payment rates for physicians that are called for under current law. The Congressional Budget Office (CBO) estimates that, without legislative action, physician payment rates under Medicare will be reduced by about 21 percent in January 2010 and by about 6 percent annually for at least several years thereafter. By 2014, the cumulative reduction in the rates will be about 40 percent. - Flexibility in the Timing of Emission Reductions Under a Cap-and-Trade Program, March 26, 2009, Testimony before the Committee on Ways and Means, U.S. House of Representatives: “Accumulating evidence about the pace and potential extent of global warming has heightened policymakers interest in cost-effective ways to achieve substantial reductions in emissions of greenhouse gases. Although the potential damage from climate change is large, the potential cost of avoiding change is large as well. Meaningfully
reducing the risk of damage would require that the United States and other nations make fundamental changes in the way that energy is produced and used. Those changes could include replacing carbon dioxide-emitting fossil fuels with appropriate renewable fuels or nuclear power; reducing energy use, perhaps through major gains
in energy efficiency; and capturing and storing greenhouse gases on a large scale.” - Related postings on climate change
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