The Congressional Joint Select Committee on Deficit Reductions, aka the super committee, failed to meet its congressional obligation to vote on a plan for $1.2 trillion in budget cuts during the last weeks of November. As you may remember, the U.S. Congress signed the Budget Control Act of 2011 into law this past summer creating the bipartisan 12 member committee. The super committee had been charged with finding at least $1.2 trillion in additional deficit reductions by the end of the year. Their failure to achieve a consensus triggers a series of automatic budget cuts in the amount of 1.2 trillion dollars which will go into effect in 2013.

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After months of legislative wrangling and misfires, Congress approved legislation replacing a 21.3 percent cut in the Medicare Physician Fee Schedule (MPFS) with a 2.2 percent increase, for services provided from June through November 2010.

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