tci Medicare Compliance & Reimbursement - 2005 Issue 29

PHYSICIANS: Legislators Press CMS On Physician Payments

Nixing certain drugs from formula would help avoid steep cuts.Avoiding an estimated 31 percent pay cut for physicians from 2006 to 2012 would be "prohibitively expensive," two influential legislators warn.Unless the Centers for Medicare and Medicaid Services acts to fix the sustainable growth rate formula for physician payment updates, Congress will be unable to avert the roughly 5 percent annual cuts over the next seven years, warn Reps. Bill Thomas (R-CA) and Nancy Johnson (R-CT), chairs of the House Ways & Means Committee and Health Subcommittee respectively, in a July 12 letter to CMS. CMS could...

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