Page 8 - Doc Fix News Today

Be the strongest sign yet that the president, that the reaffirmed status quo, gridlock status quo in washington by voters cant work. that would be very bad news for everybody. megyn: it is not only tax hikes on everybody, first wally everybody but it is major, massive defense cut, defense cuts which the defense department is warning you cant do. it is payroll tax cut. it is jobless benefits will be cut. reimbursement rates for doctors who take medicare patients with the so-called doc fix. that w...

Issue? >> reporter: well, jon, its a huge list of items that are now being saved until after election day. lets take a look. the sequester, those automatic cuts as part of last years debt deal, income taxes, rates go up, the marriage penalty is due to return, the alternative minimum tax which would effect millions more people, the estate tax, size will drop. the rates on taxable estates will jump. capital rates and dividends will increase. social security payroll taxes due to a jump from 4.2% to...

The annual debate over the so-called doc fix. back in 1997 democrats and republicans agreed to a budget deal that included large reductions in fees for doctors who treat medicare patients. well, it soon became clear that these cuts would make it impossible for many doctors to keep treating medicare patients. so every year, like clockwork, congress postpones the cuts. some of us learned a lesson from that experience. top down, bureaucratic cuts to medicare just dont work. providers stop providing...

Were going to have the sequester, the 1.2 trillion of additional spending cuts from the budget control act going to take effect next year. the alternative minimum tax is going to come back on, the doc fix is not in place. that means those doctors are going to take a 27% cut. theres a reality moment coming soon. >> let us hope that members of both sides embrace that reality. mr. chairman, thank you for coming. >> senator, thank you. >> come back. >> and thanks for not wearing a tie. >> yeah. i di...

How hes going to deal with all the kick the can policies that expire at the end of the year, the tax breaks, the spending cuts that kick in, the medicare doc fix. this isnt make believe. its real stuff, and we have two candidates who dont talk at all about it. on both sides. >> but, chris, if jim vandehei is correct, then youre going to see an eruption from the right unlike anything you have seen right now. if they start to believe that romney is just rolling them, that hes just saying that hell...

Obamacare during that debate was also taking the doc fix out of there. the $300 billion every year that legislation that was taken out of the bill to put on a separate legislative trackism want to play a quick sound bite from the president at the g.o.p. retreat and how he characterized this debate back then. >> i think paul for example and head of the budget committee is looked at the budget and made a serious proposal. i read it. were not going to be able to do anything about any of the entitle...

After the election. that is the problem. the same time that the tax cuts expire, the unemployment insurance, the medicare doc fix, all the things, the spending cuts that were decided by the debt deal of august of 2011 will also kick in. and part and republicans in particular seeking to stop or change these very deep pentagon pending cuts. two tracks of fighting. one on the tax policy and one on, you know, how to change the cuts that we already promised we would make. >> bret: potential is if you...

Why people hate washington. all of these things have to be done. there is a huge list that has to be addressed. as washington is debating, none of this is up on capitol hill right now. >> the republicans have a budget. this is the president. the fact its expiring after election day, two months after election day, there is not a chronological action with the calendar. its a deliberate reel to the policy that obama pursued in settling the debt ceiling dispute. last august, he timed it and he said ...

Able to find a doctor that will take medicare and in that way, that begins the ration services based on what the government will pay for. >> let me ask you this, is it true to theyll limit what all americans are legally allowed to spend for health care, even if its their own money to hold it below he the rate of medical inflation? >> well, i dont think that that is true, i think the biggest issue is this is a panel of 15, unelekked washington d.c. bureaucrats appointed by the president, it could...

finally, if you thought american debt was worthless, think again. ill explain. but first, heres my take. the american economy seems to have picked up. the dow jones industrial average is hovering around 13,000, the highest since the financial crisis began in may 2008. the nasdaq is actually at its highest level since the technology bubble burst more than a decade ago. now, stock prices around everything, but data from the economy on the ground is also slowly getting better. jobless c...