Health Care Newsletter
Medical Practice Viability – SGR Formula Banished; Battles and Games Continue
Hooray! The SGR Formula is dead! The paralyzing, resource-draining threat of drastic Medicare payment cuts that has plagued physicians and legislators since 1997 was finally banished on April 16th when President Obama signed the Medicare Access and CHIP Reauthorization Act (MACRA) into law. The package extends funding for the Children’s Health Insurance Program (CHIP) for two years and provides a 0.5% pay increase for physicians each year until 2019, allowing transition to a new payment system.