In the letter, the physician organizations told policymakers that the cost of physician payment reform has been growing over the years as Congress enacted frequent short-terms fixes. If action is not taken now, the cost of physician payment reform will escalate to $500 billion in a few years, the letter states.
The AMA has called for a three-pronged approach to reforming the physician payment system, including a repeal of the SGR formula, a five-year period of stable Medicare physician payments and demonstrations and pilot projects that could form the basis for a new Medicare physician payment system.
Read the AMA news release about Medicare payment reform.
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