Price Tag for Medicare Physician Payment Fix Grows
The Congressional Budget Office has released its report, “The Budget and Economic Outlook: Fiscal Years 2012 to 2022.” It estimates that the cost for repealing the current sustainable growth rate (SGR) formula, which determines Medicare physician payment rates, is $316 billion over ten years, up from a $290 billion price tag from late last year. The cost of fixing the SGR has continued to grow since its inception due in part to the flawed and cumulative nature of the formula.
The AGA and all of organized medicine continue to advocate that Congress repeal the SGR and replace it with a system that is more stable and equitable.
Read more about the impact of the SGR on the AGA Washington Insider, a policy blog for GIs.
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