The fix, part of the larger Continuing Extension Act of 2010, will delay implementing the sustainable growth rate formula until June 1. The Act also extends unemployment compensation and federal payments for unemployed persons’ COBRA health insurance payments.
The bill was passed by the Senate on a 59-38 vote and, just two hours later, was approved by the House 289-112. President Obama has since signed the bill into law. Many Republicans opposed to bill because of its cost, which is estimated at $18 billion, according to the report.
Read the Washington Post’s report on the sustainable growth rate delay.
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