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When We Go Over the Fiscal Cliff, Will Seniors Have a Doctor?

Anonymous12494 Wrote: Dec 29, 2012 11:03 AM

As January 1 rapidly approaches, most national attention has been focused on the impending “fiscal cliff”.  There is however, another ticking time bomb ready to detonate on January 1- the SGR (the Medicare Sustainable Growth Rate). Part of the Balanced Budget Act of 1997, this provision was designed to ensure that the yearly increase in the expense per Medicare beneficiary does not exceed the growth in GDP.  If the expenditures for the previous year exceeded the target expenditures, then a conversion factor is employed which will decrease payments to physicians for the next year.

In what has become an...