'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.
- CFO Exchange: Smartphones Poised to Disrupt Healthcare, Says Topol
- Consumerism Drives Healthcare Branding, Rebranding Efforts
- PA Ranks See 'Phenomenal Growth,' Lack of Diversity
- CNO on Hospital Redesign: 'You Can't Over-Communicate'
- How Digital Strategy Shapes Patient Engagement at Boston Children's Hospital
- 3 Traits Personality Assessments Can't Reveal
- Half of All Primary Care, Internal Medicine Jobs Unfilled in 2013
- Antibiotic Overuse a 'Huge Threat' to Patient Safety, Says CDC
- Carondelet to Pay $35M to Settle Fraud Allegations
- CHS Hacked, 4.5M Patient Records Compromised