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.

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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.

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