Fix Medicare Physician Payment, But Fund It With Structural Reforms

Townhall.com Staff
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Posted: Jan 17, 2014 3:22 PM
Medicare physicians will soon face a 24 percent pay cut. The statutory formula that updates Medicare physician payment, the Sustainable Growth Rate (SGR), requires it. The purpose of the formula is “sustainable growth”, meaning that Medicare physician payment is to track growth in the general economy, as measured by the Gross Domestic Product (GDP). But it doesn’t.