Release: Congress votes to stabilize physician payments for Medicare
Physicians of Colorado applaud Colorado congressional delegation
FOR IMMEDIATE RELEASE: April 15, 2015
Contact: Dean Holzkamp, 303-748-6113
The Colorado Medical Society (CMS) applauds Colorado Senators Michael Bennet (D) and Cory Gardner (R) as well as Representatives Diana DeGette (D-CO1), Jared Polis (D-CO2), Scott Tipton (R-CO3), Doug Lamborn (R-CO5), Mike Coffman (R-CO6) and Ed Perlmutter (D-CO7) for voting to pass H.R. 2, the Medicare Access and CHIP Reauthorization Act of 2015.
This long-sought and overdue legislation to permanently eliminate and replace the flawed Sustainable Growth Rate (SGR) formula will serve Medicare patients and their physicians for years to come by ensuring access to high-quality health care.
“When signed by the president, the bipartisan, bicameral bill will put an end to the disruptive cycle of Congress enacting patches to extend a policy that all agree was flawed from its inception,” said CMS President Tamaan Osbourne-Roberts, MD. “The new policy supports innovative delivery and payment models that will help improve care quality, health outcomes and lower costs. It represents an enormous improvement in the health care system and stabilizes the Medicare program for our seniors.”
H.R. 2 reverses the 21 percent physician payment cut that went into effect April 1, guarantees a four-and-a-half-year period of stable updates of 0.5 percent for all physicians with positive incentives to transition to alternative payment models, preserves a value-based fee-for-service system for physicians who are unable to move to an alternative model, and provides penalty relief from Medicare quality improvement programs starting in 2019.
Thank you to our elected officials for coming together to pass this legislation.
The Colorado Medical Society is a nonprofit organization whose membership comprises more than 7,800 physicians, residents (physicians-in-training) and medical students in Colorado. The Society’s mission is to promote the science and art of medicine, the betterment of public health, and the welfare of Colorado physicians and their patients.
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