SGR Formula Figures In Fiscal Cliff

Physician practices face a 26.5% cut in Medicare physician payments if Congress does not intervene by January 1, 2013. According to estimates released by the Congressional Budget Office (CBO), fixing the sustainable growth rate (SGR) formula permanently would cost over $240 billion.

Addressing the SGR formula figures largely into the combination of tax hikes and spending cuts known as the “fiscal cliff” scheduled to take effect the first of the year.

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