On December 29, 2007, President George W. Bush signed into law legislation that blocked a 10.1% cut in Medicare payments to pathologists and other physicians scheduled to start January 1, 2008 in accord with the statutory update formula and replaced it with a 0.5% increase for the first six months of this year, through June 30. The revised conversion factor for this period is $38.0870 vs. $34.0682 under the cut.