If Congress does not pass a budget before the new year, widespread tax increases and spending cuts will take effect, including a 26.5 percent cut to physicians’ Medicare reimbursements. The ASM, which represents several national specialty physician groups, claims the cuts would cause health systems to not invest in new treatments and physicians to reconsider accepting as many Medicare patients.
Since 2002, when Congress introduced the sustainable growth rate, legislation has overridden the formula to freeze or slow payment rate growth. The ASM urged Congress to dump the SGR and pass a permanent solution.
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