AAO backs bipartisan bill to repeal SGR, avert 24% Medicare payment cut
The American Academy of Ophthalmology expressed support for bipartisan, bicameral federal legislation that would repeal the sustainable growth rate, a key factor in annual Medicare physician payment updates.
Physicians face a 24% payment cut on April 1 unless Congress intervenes, according to an AAO news release.
Congress has averted several physician payment cuts stemming from the SGR over the last decade.
H.R. 4015/S. 2000, the SGR Repeal and Medicare Modernization Act of 2014, was introduced and referred to House committees on Feb. 6.
“This legislation represents a major milestone in physicians’ nearly 10-year battle to repeal the flawed sustainable growth rate formula used to calculate Medicare reimbursement,” David W. Parke II, MD, CEO of the AAO, said in the release. “The Academy applauds the efforts of the members of the Senate Committee on Finance, the House Committee on Ways and Means, and the House Committee on Energy and Commerce for their efforts in developing this bipartisan legislation. Ophthalmology joins our colleagues across medicine in strongly urging lawmakers to pass this legislation in order to protect the viability of physicians’ practices and ensure beneficiaries have access to the highest quality medical and surgical care available.”
The AAO, the American Medical Association and other advocacy organizations have urged Congress to alter or repeal the SGR.