Congress hopes to revive reform legislation for Medicare payment formula

November 4, 2013 — The Senate Finance Committee and House Ways and Means Committee are releasing a joint draft framework to replace how Medicare pays physicians — hoping to create momentum for fixing a perennial issue by the end of this year.

Committee members hope the bicameral, bipartisan framework will prompt Congress to act and provide a less expensive alternative to a measure the House Energy and Commerce Committee approved unanimously in July. This year, lawmakers from both parties have committed to completely repealing Medicare’s current payment formula known as the Sustainable Growth Rate (SGR).

Source: American Chiropractic Association, acatoday.org