The Centers for Medicare & Medicaid Services (CMS) announced a proposed rule would reduce payment rates for physicians and non-physician practitioners by 29.5 percent for services in 2012.
CMS bases its projection on a formula called the Sustainable Growth Rate (SGR) that was adopted in the Balanced Budget Act of 1997.
CMS reports this is the eleventh time the SGR formula resulted in a payment cut, although the cuts have been averted through legislation in all but 2002.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
