Washington D.C., March 14, 2014—Rep. David Schweikert (R-AZ) released the following statement after the House passed the SGR Repeal and Medicare Provider Payment Modernization Act, H.R. 4015.
The SGR Repeal and Medicare Provider Payment Modernization Act of 2014 repeals the current sustainable growth rate (SGR) for Medicare and replaces it with a 5-year payment plan for Physicians management of Medicare patients.
“Today’s repeal of the Medicare SGR is a long-awaited step in the right direction,” said Schweikert. “Relying on a yearly ‘Doc Fix’ for the people caring for our seniors was a waste of time and effort. It is time for Washington to produce meaningful reform for physicians—they need to be able to care for Medicare patients without fear of unexpected pay cuts.”
“This bill will provide long-term security for our seniors instead of the one year kicking-the-can approach of the past years.”
The Medicare financing formula or sustainable growth rate, (SGR) was created in 1997 to control physician reimbursement payments for Medicare patient care and link the reimbursement to the economic trajectory of the country. H.R. 4015 will provide a Medicare reimbursement framework for our doctors, for the next five years.
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