Advocacy & Practice Updates — Advocacy & Practice
SGR Repeal and Medicare Provider Payment Modernization Act of 2014 Update
February 27, 2014 -- Back to Retina Practice News
ASRS has joined other major medical organizations in supporting a long-awaited and hard-fought bipartisan bill to permanently repeal Medicare's fatally flawed SGR formula. The SGR Repeal and Medicare Provider Payment Modernization Act of 2014 (H.R. 1415/S. 2000), introduced in both chambers of Congress, is finally before Congress. This legislation would replace the sustainable growth rate (SGR) that has been in place since 2003, in addition to providing 5 years of positive updates.
Key Features of HR 1415/S 2000
This final product is a significant improvement over current law and is the result of more than a year of intense effort to replace the SGR, which has plagued physicians and the Medicare program for almost a decade. Some of the most important features of the bill are:
- Permanent repeal of the SGR, effective immediately
- Modest, positive updates for physicians provided for 5 years
- Preservation of the fee-for-service model
- Consolidation of quality incentive and payment programs, reducing financial risk to practices from penalties
- Funding provided for quality measure development by physician organization
Congress is working against a March 31 deadline, at which point the SGR formula calls for a 24 percent cut to physician payments.
For more information about the bills, please see the AMA’s chart comparing the proposed legislation with current law and the 3 original committee bills.