March 19, 2015
On March 19, 2015, Congress introduced H.R. 1470, The SGR Repeal and Medicare Provider Payment Modernization Act of 2015. This bipartisan, bicameral legislation would permanently repeal Medicare's sustainable growth rate (SGR) and provide incentives for doctors to focus on value-driven care. However, the bill does not discuss how it plans to offset the $177 billion cost of repealing the payment formula.
This legislation, which is nearly identical to a bill with the same name that passed the House in 2014, would provide a 0.5 percent annual increase in doctor pay for five years as Medicare moves toward an approach where physician pay is increasingly tied to performance, as opposed to volume of services.
SNMMI will continue to monitor this legislation and post updates as soon as the planned offsets are released.
More information on the SGR can be found here.