OK, so it’s more than a day late, and more than a few dollars short, but Congress finally passed — and the President signed — a bill that will give physicians a 2.2% increase in Medicare pay through November, as opposed to the 21% decrease that was mandated under the Sustainable Growth Rate (also known as SGR, or the three most-hated words in medicine).
So technically that means the SGR has been fixed, but organized medicine is still not happy, noting that the system is still lurching toward failure like an old jalopy. And they will not be satisfied until the SGR formula has been permanently replaced.
In the meantime, getting paid for the last few weeks – when the SGR cut went into effect temporarily — presents a myriad of complications, explained by our faithful correspondent Mary Ellen Schneider in this week’s podcast.
Also in this edition: President Obama cautions insurers against raising rates, and employers hunker down for what undoubtedly will be higher rates passed on by insurers.
Take a listen and let us know what you think.
— Alicia Ault (on Twitter @aliciaault)