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New Bill Proposes New Ways to Pay Doctors for Medicare
The federal government has proposed a change for the Sustainable Growth Rate (SGR) formula, the formula used in determining doctors’ yearly fee for Medicare. SGR was first introduced in 1997 but it was never really implemented. It aims to cut the doctors fees to maintain federal budget for medical care. However, doctors have opposed the idea and each year, the implementation of SGR is suspended. According to the Wall Street Journal, if the SGR hasn’t been suspended, hundreds of doctor will leave the Medicare program. In fact, the number of doctors who have left Medicare tripled between 2009 and 2012. Read more…
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