tci Medicare Compliance & Reimbursement - 2005 Issue 32

PHYSICIANS: House Proposal Could Reduce Sting Of Cuts

...but P4P is part of the package.The Centers for Medicare and Medicaid Services issued a grim reminder of what will happen if Congress doesn't rescue physicians soon. CMS confirmed that physicians face an unthinkable 4.3 percent cut in 2006, and similar cuts from 2007 to 2012. The sustainable growth rate formula, which updates physician payments every year based on the volume of physician services and the growth of the economy as a whole, mandated the cuts. Help may be on the way. Rep. Nancy Johnson (R-CT) introduced the long-awaited Medicare Value-Based Purchasing for Physician's Services Act of...

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