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March 2004
 Report to the
Congress: Medicare Payment
Policy
The Congress charges
the Medicare Payment Advisory Commission
with reviewing Medicare payment policies and
making recommendations concerning them each March.
The Commission's goal is for Medicare payments to
cover the costs efficient providers incur in furnishing quality
care to beneficiaries. If payments are set too low, providers
will not want to participate in the program and Medicare
beneficiaries may not continue to have access to high-quality
care. If payments are set too high, taxpayers and
beneficiaries will bear too large a burden.
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