Semi-Daily Journal Archive

The Blogspot archive of the weblog of J. Bradford DeLong, Professor of Economics and Chair of the PEIS major at U.C. Berkeley, a Research Associate of the National Bureau of Economic Research, and former Deputy Assistant Secretary of the U.S. Treasury.

Saturday, August 19, 2006

More Republican Budgeting

Angry Bear watches the Republican fiscal policy clown show:

Angry Bear: Federal Default Regarding Medicare Checks: It seems that The Centers for Medicare & Medicaid Services have been ordered to delay certain payments until the next fiscal year begins:

The Centers for Medicare & Medicaid Services (CMS) has been instructed by the United States Congress in the Deficit Reduction Act (DRA) of 2005, to place a brief hold on Medicare payments for ALL claims (e.g., initial claims, adjustment claims, and Medicare Secondary Payer (MSP) claims) for the last 9 days of the Federal fiscal year, i.e., September 22, 2006 through September 30, 2006. Noridian Administrative Services (NAS) will release the held payments on Monday, October 2, 2006 including all payments that normally would be scheduled for release on that date.


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