Committee Advances Medicare Physician Payment Legislation
Aug. 1—The House Energy and Commerce Committee on July 31 voted unanimously to advance legislation that repeals the controversial sustainable growth rate formula (SGR), aiming to replace the formula with a system that brings more stability to physician Medicare payments while maintaining quality of care.
The SGR governs Medicare physician reimbursement rates. Without congressional intervention, it could result in a 25 percent pay cut for Medicare physicians in 2014.
According to a press release on the committee’s website, the new legislation is the product of more than two years of bipartisan work involving members of both the Energy and Commerce and Ways and Means Committees, as well as input from expert medical organizations.
The full House of Representatives will now consider the legislation.
Publication Date: Thursday, August 01, 2013