On April 16, 2015 President Barack Obama signed the Medicare Access and CHIP Reauthorization Act (MACRA [1]) which, among other things, finally repeals the Sustainable Growth Rate (SGR) mechanism of updating fees to the Physician Fee Schedule (PFS). The SGR had been blamed for causing instability and uncertainty among physicians for over a decade and led to 17 overrides of scheduled fee cuts, at a cost well in excess of $150 billion.
Story Date:
September 3, 2015
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