Working in concert with the American Medical Association and scores of other medical societies, ASCP helped prevent the imposition of a two percent “sequester cut” to the Medicare program. The cuts would have affected the Medicare physician and clinical laboratory fee schedules. On April 14, President Joe Biden signed into law legislation suspending the cut in payment rates for the Medicare program. If the legislation hadn’t been signed into law, Medicare payment rates would have been cut due to the federal sequestration requirements. Sequestration is a process involving automatic cuts, usually across-the-board, triggered when federal spending levels exceed a certain threshold. The new law shields the Medicare program from these cuts through December 31.
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