Rep. Allyson Schwartz (D-Pa.) sent her “doc fix” proposal to the Congressional supercomittee yesterday to amend Medicare’s physician payment system, according to a report from The Hill.
The proposal would replace a 27.4 percent cut to physician payments, which are scheduled to begin Jan. 1, with a six-year transition period with fixed payment updates. HHS would be responsible for developing at least four payment systems physicians could choose from.
Under Rep. Schwartz’s proposal, payments would remain flat in 2012 and increase annually by 0.5 percent for specialists from 2013-2016. Generalists would see a 2.5 percent annual bump in an effort to attract more medical school graduates into primary care.
The proposal also discourages the fee-for-service system. Starting in 2018, physicians who still use the FFS system will see gradual cuts to reimbursement of up to 5 percent by 2021.
Related Articles on the Supercommittee and Healthcare:
Supercommittee Expected to Maintain Healthcare Reform Funding
Supercommittee Democrats Propose $350B in Savings Through Medicare Reform
House Members Urge Supercommittee to Protect Critical Access Hospitals
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit