February 6, 2014
On Thursday, February 6, Congressional leaders introduced a bipartisan, bicameral bill that would replace the current Medicare Sustainable Growth Rate (SGR) formula. This new system, introduced jointly by the Senate Finance Committee, House Ways & Means Committee, and House Energy & Commerce Committee, would be based on quality and efficiency. However, the SGR Repeal and Medicare Provider Payment Modernization Act of 2014, which was introduced in the House by Rep. Michael Burgess (R-TX) as H.R. 4015 and in the Senate by Senator Max Baucus (D-MT) as S. 2000, does not include a list of financial offsets.
The Committees have released a summary and section by section break down of this legislation. For more information, please visit the Senate Finance Committee website.