AMA Announces End of Sustainable Growth Rate Formula

Share this content:
AMA Announces End of Sustainable Growth Rate Formula
AMA Announces End of Sustainable Growth Rate Formula

WEDNESDAY, April 15, 2015 (HealthDay News) -- Recently adopted legislation has repealed the sustainable growth rate (SGR) formula, according to a report published by the American Medical Association (AMA).

Following years of advocacy by physicians, the U.S. Senate passed a bill Tuesday evening to immediately repeal the SGR formula. On the eve of a 21 percent cut to physicians' Medicare payments, the Medicare Access and CHIP Reauthorization Act was adopted. Starting July 1, and lasting through 2019, the bill provides positive annual payment updates of 0.5 percent.

The legislation includes several provisions for physicians such as streamlining and simplification of Medicare's current quality reporting programs into one merit-based incentive payment system; inclusion of protections that prevent medical liability cases from using Medicare quality program standards and measures as a standard or duty of care; and incentive payments for physicians who participate in alternative payment models and meet specific thresholds. In addition, technical support will be provided for smaller practices to participate in alternative payment models or fee-for-service incentive programs.

"Passage of this historic legislation finally brings an end to an era of uncertainty for Medicare beneficiaries and their physicians -- facilitating the implementation of innovative care models that will improve care quality and lower costs," AMA Executive Vice President and Chief Executive Officer James L. Madara, M.D., said in an association news release. "Patients will be able to get the care they need and deserve."

More Information

Share this content:

is free, fast, and customized just for you!

Already a member?

Sign In Now »

Drug Lookup

Browse drugs by: BrandGenericDisease

Trending Activities

All Professions



Sign up for myCME e-newsletters


More in Home

Pharmacists Should Counsel Patients Fasting for Ramadan

Pharmacists Should Counsel Patients Fasting for Ramadan

Pharmacists can suggest adjustments for meds taken several times per day, those affected by food intake

AUA: Many Have Unused Opioids After Urologic Procedures

AUA: Many Have Unused Opioids After Urologic Procedures

Patients use just over half of initial prescription; highest percentage of unused meds for cystectomy

Over Half of Young Adult Smoke Volume Exposure From Hookahs

Over Half of Young Adult Smoke Volume Exposure ...

Toxicant exposure to tar, carbon monoxide, nicotine lower, but still substantial, compared to cigarettes

is free, fast, and customized just for you!

Already a member?

Sign In Now »