The payment formula came to be as part of the Balanced Budget Act of 1997 and has never been corrected permanently by Congress.
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For health care, he points to many of the legislative aspects of the Balanced Budget Act of 1997, which changed the industry's dynamics.
Contrary to what many thought when this process began, the health reform bills represent the biggest deficit reduction legislation since the 1997 Balanced Budget Act.
And in fact, it is through these reforms that we achieve the biggest reduction in our long-term deficits since the Balanced Budget Act of the 1990s.
Two years ago Congress, in a provision of the Balanced Budget Act known as Section 4507, in effect, prohibited doctors from treating Medicare-eligible patients outside the Medicare system.
There is a shortage of primary care doctors in this country yet the Balanced Budget Act of 1997 capped the number of residency slots that Medicare would fund?
Given looming cuts in Medicare payments to providers, a little-noticed study of the impact of payment cuts in the Balanced Budget Act of 1997 is even more intriguing.
Back in 1995, President Clinton vetoed the Balanced Budget Reconciliation Act.
Indeed, it was last adopted, with some success, when it was part of the Gramm-Rudman-Hollings Balanced Budget and Emergency Deficit Control Act (1985).
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It would take an act of God to even have a balanced budget, nevertheless pay off debt.
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Balanced-budget rules not linked to expenditure limits, such as America's Gramm-Rudman-Hollings act of 1985 and the European Union's Stability and Growth Pact, have been less successful.
ECONOMIST: The OECD and fiscal policy: Words of warning | The
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