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Doctors React to Congress’ Medicare Payment Agreement
Physician groups are expressing optimism over the Congressional agreement to revamp the Medicare physician payment system, according to an article published February 26 in Medical Economics. The article notes that, as part of the agreement, the Sustainable Growth Rate (SGR) — the formula used to set Medicare reimbursements for health care providers — will be repealed. The legislation must still be passed by both houses of Congress. The SGR had been intended to link Medicare reimbursement to inflation rates, but in reality, did not work and required annual Congressional “patches” to guarantee sustainable level of reimbursements. Read more…