by: ASRM Office of Public Affairs
Published in ASRM Bulletin Volume 16, Number 18
Yesterday, President Obama signed into law a one-year payment patch for Medicare physicians, avoiding a 24 percent cut that was scheduled to take place.
The Senate cleared the “doc fix” legislation, HR 4302, late Monday evening, the same day that the current payment patch expired.
Under the measure, physicians will receive a 0.5 percent payment update through the rest of 2014, and then those payment rates will stay flat until April 1, 2015.
Although the measure earned bipartisan support in both the House and Senate, many lawmakers and provider groups expressed serious disappointment that Congress passed yet another short-term patch (the 17th such patch) instead of repealing Medicare’s flawed payment formula.
ASRM has been actively supporting legislation that would permanently fix the flawed formula.
The ASRM Bulletin is published by ASRM's Office of Public Affairs to inform Society members of important recent developments. Republication or any other use of the contents of the Bulletin without permission is prohibited. To request permission to quote or excerpt material from the Bulletin, contact Sean Tipton at email@example.com.