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Plan to make drugmakers shoulder “doc fix” opposed by PhRMA

Posted On 04 Nov 2013
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Sen. Jay Rockefeller (D-W.Va.) says drug companies can pay for thesustainable growth-rate repeal.

A day after leaders in the Senate and House floated a bipartisan proposal to replace Medicare’s hated physician pay formula—but not a plan to pay for it—Rockefeller is pointing to a bill he introduced back in April as a way to make the fix budget-neutral.

The Congressional Budget Office has estimated that repealing the SGR would cost about $139 billion over 10 years. Finding a way to offset this figure has been an obstacle to scrapping the formula, which currently calls for cutting Medicare pay to physicians by 24.4% at the start of next year. Congress has been approving temporary postponements of SGR-driven pay cuts for 10 years now, and the cost of these legislative “patches” has been estimated at almost $150 billion.

Read the source article at SmartBrief

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