CBO: Medicare SGR Patch Would Cost $8.3B

Legislation that would shield physicians from a 24 percent Medicare reimbursement reduction next year would cost about $8.3 billion from 2014 to 2018, according to a Congressional Budget Office report.

Advertisement

The proposal would delay the steep pay cuts required by Medicare’s sustainable growth rate and give physicians a 0.5 percent payment update through March 2014, giving lawmakers extra time to repeal and replace the SGR, according to the report. Every year since 2003, Congress has temporarily bypassed the SGR so physicians would not have to endure double-digit cuts to their Medicare pay.

 

Read the full article on Becker’s Hospital Review.

At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.

Advertisement

Next Up in Uncategorized

Advertisement

Comments are closed.