SGR Replacement Bill Announced
A bill that would permanently replace the Sustainable Growth Formula used to calculate Medicare payments to physicians was announced jointly Thursday by Senate and House leaders.
A bipartisan, bicameral bill that would replace the Sustainable Growth Formula used to calculate how Medicare pays medical doctors, was introduced Thursday. The 'doc fix' bill, which would permanently repeal the SGR, was announced jointly by Senate and House leaders.
"This legislation today provides stability for physicians so they will no longer face the uncertainty of massive cuts, but also begins the process of improving how we pay for medical care to focus on positive results for [patients]." said Senate Finance Committee Ranking Member Orrin Hatch (R-UT).
The proposal would:
- Repeal the SGR
- Institute a 0.5 percent payment update for five years.
- Improve the fee-for-service system by streamlining Medicare's existing web of quality programs into one value-based performance program.
- Incentivize physicians to adopt alternative payment models.
- How Top-Ranked MA Plans Earn Their Stars
- Readmissions: No Quick Fix to Costly Hospital Challenge
- How Hospitals Can Become 'Upstreamists'
- 4 Ways to Lower the Cost to Collect from Self-Pay Patients
- House Calls Key to Pioneer ACO Success
- How Telehealth Pays Off for Providers, Patients
- 4 Tips for Managing Employed Physicians
- WellPoint Dominates Nearly Half of Markets, AMA Says
- Defensive Medicine Still Prevalent Despite Tort Reform
- CMS Offers Some ACOs $114M for 'Upfront' Costs