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Senate Approves Medicare Fix

The Senate — helped by a push from the White House — passed a one-year “doc-fix” late Wednesday, preventing a 25 percent cut to Medicare payments that would kick in on Jan. 1.

The $19.2 billion bill, which passed by unanimous consent as expected, still has to be approved by the House before congress recesses for the holidays. It is paid for by a tweak to the new health reform law.

Majority Leader Harry Reid of Nevada, Minority Leader Mitch McConnell of Kentucky, Finance Committee Chairman Max Baucus of Montana and ranking Republican Chuck Grassley of Iowa Senate hammered out the deal over the past several days...

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