The Hill obtained early results of the CBO’s projections, which show the costs of this year’s potential fix are much higher from the earlier estimate of $18.5 billion.
The SGR, which is the formula used to determine Medicare payments to physicians, will slash Medicare reimbursements by 26.5 percent unless Congress intervenes. If Congress delays the cuts and freezes associated with the SGR, which it has done every year since 2003, the cost to offset that measure keeps rising.
A two-year “doc fix” would cost roughly $41.5 billion, according to the report. A 10-year patch would cost in the neighborhood of $244 billion.
More Articles on the Sustainable Growth Rate:
AARP, Other Organizations Urge Congress to Eliminate SGR
CBO: As They Stand, Medicare Payment Rates to Cost $10B More in FY 2013
CMS to Cut Physicians’ Medicare Payments 26.5% in 2013 Unless SGR Bypassed
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
