Were you worried that your physician pay rate would plummet come March 31 due to medicare’s sustainable growth rate (“SGR”) formula? You can stop pulling out your hair, at least until next year. On April 1, 2014, President Obama signed into law a bill that stops automatic Medicare payment cuts due to SGR from taking effect for another year. The law, referred to as the “Doc Fix”, addresses shortfalls in payments that occur due to the way the SGR is calculated, as well as addressing a number of other issues in health care. This newest Doc Fix is the seventeenth such temporary relief that has become law in the past 11 years, as every time automatic cuts are supposed to kick in, Congress intercedes.
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