Tuesday, July 05, 2011

CBO: Medicare payments to Docs will be reduced 29.4% in 2012

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The Congressional Budget Office (CBO) projects that, under current law, payment rates for
physician services will be reduced by 29.4 percent in 2012. That large reduction called for under
current law follows several years of legislative action to either maintain or increase physician
payment rates under the Medicare program when those rates were otherwise scheduled to
decrease under the provisions of law known as Medicare’s Sustainable Growth Rate (SGR)
mechanism. Such legislative actions have overridden the SGR.