‘Doc Fix’ Headed to President’s Desk after Easily Clearing Senate

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‘Doc Fix’ Headed to President’s Desk after Easily Clearing Senate

On Tuesday, The Senate voted 98-2 to permanently repeal Medicare’s sustainable growth-rate formula (SGR), a day before the CMS will begin to process claims at a reduced rate. President Obama has announced that he intends to sign the Medicare Access and CHIP Reauthorization Act of 2015 (H.R. 2), which will set up a two-track payment system for doctors to urge them to move their patients into a risk-based payment model.

 H.R. 2 Details:

  • Prevents the 21.2% cut in payments to doctors
  • Gives qualifying doctors higher reimbursement rates starting in 2019
  • Extends the Children’s Health Insurance Program (CHIP) by 2 years
  • Designates $7.2 billion in additional funding for community health centers

“It represents a real step forward for bipartisan healthcare policy,” said Sen. Orrin Hatch (R-Utah). “It’s a monumental achievement.”

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By | 2015-04-16T01:28:14+00:00 April 15th, 2015|Articles, Government Mandates and Compliance, Industry Updates|0 Comments