How the New Congress Should Deal with this ‘Too Big to Fail’ Program
It’s an entitlement program “too big to fail.” Medicare now covers 52 million seniors and disabled citizens. That’s why you can expect the seemingly unending debate on Medicare to resume when the new Congress convenes in January—no matter who controls the Senate. The first order of business will be to repeal and replace the Medicare “Sustainable Growth Rate” (SGR)—the Medicare physician payment update formula. Created by Congress in 1997, that formula requires a 21 percent physician payment cut in 2015. Since 2003, Congress has routinely stopped its own flawed formula from going into effect. Congress will do so again….Read More