On Thursday, June 24, the House of Representatives passed H.R. 3962, which will temporarily “fix” the Sustainable Growth Rate (SGR) formula. This legislation reverses the 21 percent pay cut that went into effect on June 1st and increases physician pay by 2.2 percent for the next six months. If Congress does not reach a more permanent solution by December 1st, the 21.3 percent cut will be restored, which may lead some doctors to stop seeing Medicare patients.
Click here to read the N.Y. Times article on H.R. 3962: http://www.nytimes.com/2010/06/25/health/policy/25medicare.html?ref=david_m_herszenhornClick here to read the White House Blog posting about the passage of H.R. 3962: http://www.whitehouse.gov/blog/2010/06/25/protecting-seniors-care