BC Advantage - 2016 Issue 6
MACRA - Medicare Access and CHIP Reauthorization Act of 2015
On April 27, 2016, CMS announced the proposed rule implementing key provisions of the Medicare Access and CHIP Reauthorization Act of 2015.This publication can be found on the Federal Register website. The regulations will fundamentally change the way physicians will be reimbursed in the future for their services. MACRA legislation permanently repealed the Sustainable Growth Rate Formula (SGR) that attempted to regulate health care costs in the U.S. for physician services. The SGR was replaced with a very modest 0.5% increase in physician reimbursement over the next few years ending in 2019. From 2020 through 2025...
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