You are here2 year stop gap to Medicare conversion rate passed passed by the House, but we still need the Senate to pass the bill
2 year stop gap to Medicare conversion rate passed passed by the House, but we still need the Senate to pass the bill
The House of Representatives approved legislation that would delay the pending cuts in Medicare reimbursement rates for physicians. Under the sustainable growth rate (SGR) formula, physicians would see a 24.7 percent cut in Medicare reimbursement beginning January 1, 2012. The Middle Class Tax Relief and Job Creation Act, passed by the House on Tuesday, would temporarily delay this cut until 2014. The House bill also
provides a 1 percent Medicare payment increase to physicians in 2012 and 2013.
Supporters say the two-year patch will provide them time to implement a permanent
solution to the SGR.
I think that this still has to be passed by the Senate, so we are not home yet.