Congress halted the 10.1% cut and actually provided a .05% increase until 6/30/08. Effective July 1, 2008, the 10.1% cut will take effect. You can view the Medicare fee schedule online for specifics.
2008 Medicare Physician Fee Schedule Rate Change and Physician Participation Enrollment Period Extended The Medicare, Medicaid and SCHIP Extension Act of 2007 made several changes affecting payments to physicians. One such change provides for a 0.5 percent increase to the physician fee schedule conversion factor for January 1 through June 30, 2008, instead of the -10.1 percent that was scheduled to take place. As of July 1, 2008, the -10.1 percent update to the physician fee schedule will go into effect.😡