'Doc Fix' Provides More Questions than Answers
With a stroke of a pen, President Obama Wednesday signed the so-called 'Doc Fix' bill. The law delays by one year implementation of the sustainable growth rate formula, which sets the rates of Medicare reimbursements to physicians.
Healthcare groups have publicly applauded the postponement, saying that it is vital to ensuring the availability of healthcare coverage for seniors.
Privately, however, many remain frustrated that a permanent solution to the Sustainable Growth Rate formula for Medicare funding, which has called for cuts in Medicare reimbursement over the past decade (including a 25% reduction in Medicare reimbursements that would have taken effect Jan. 1, 2011), remains so elusive.
Among others, President Obama recognizes the need for this issue to be dealt with once and for all. “It's time for a permanent solution that seniors and their doctors can depend on, and I look forward to working with Congress to address this matter once and for all in the coming year,” he said last week after the U. S. House voted overwhelmingly to delay the cuts.
For its part, Congress voted in favor of delaying the nearly $20 billion in reductions to physician pay five times this year alone.
- Will More Pioneer ACOs Defect?
- Interventional Radiology No Longer a Sub-Specialty
- Charity HealthCare Conundrum Brewing Among Providers
- NFP Hospitals' Revenue Growth at 'All-Time Low'
- Evidence-Based Practice and Nursing Research: Avoiding Confusion
- Acute Kidney Injury Gets New Focus
- CNO Leads $1M Charge for New Scrubs, Uniforms
- mHealth Tackles Readmissions
- Transforming Cancer Care
- Half of All Primary Care, Internal Medicine Jobs Unfilled in 2013