CMS to mitigate 21 percent payment reduction for Medicare providers
As of April 1, provider reimbursement for treating Medicare patients decreased 21 percent under current law for the Medicare Physician Fee Schedule. However, CMS is By way of background, the US House of Representatives sent a bill to the US Senate, which President Obama has promised to sign, abolishing the sustainable growth rate (SGR) formula that has threatened doctors of optometry and other health care providers’ Medicare reimbursements for years. However, because the US Senate had not acted on the measure before April 1, the SGR triggered a 21 percent decrease in reimbursements effective on that date. It is widely hoped and expected the Senate will pass the bill upon its return from recess on April 13. Again, COA and AOA will keep members informed as developments unfold. For more details on the Medicare reimbursement decrease, click here >> |