WASHINGTON, DC – Doctors for America applauded Congress’s vote in favor of the Medicare and Medicaid Extenders Act of 2010 (H.R. 4994) to address the flawed Medicare Sustainable Growth Rate (SGR) formula.
While the Medicare and Medicaid Extenders Act of 2010 (H.R. 4994) temporarily prevents the 25% cut to Medicare physician payments due to take effect January 1st, the extension will expire in a year, leaving millions of patients and physicians once again facing uncertainty about the continuity of their care.
The bill’s estimated price tag of $19.2 billion over 10 years is paid for by modifying a provision of the new health reform law – the Affordable Care Act (ACA). Under the ACA, people who make up to four times the federal poverty level will receive subsidies for the purchase of health insurance starting in 2014. The new legislation would increase the amount people would have to repay if they underestimate their earnings.
“This year-long fix will help physicians continue to treat the 47 million people covered under the Medicare, including seniors and young adults with disabilities,” said Dr. Vivek Murthy, President of Doctors for America. “But Congress must work on a permanent repeal of the flawed SGR formula to avoid destabilizing care for millions of patients and physicians in the future.”
Doctors for America is a grassroots group of over 15,000 physicians with a presence in all fifty states fighting for a system in which every American has equal access to quality healthcare. We envision a fair, effective and affordable healthcare system — one fundamentally transformed and guided by the core values of doctors and their patients.