Doctors Face 21 Percent Pay Cut In 2015 Under Medicare Formula

Medicare physician payment rates will be reduced by 21.2 percent after March 2015, under a final rule issued Oct. 31 by the Centers for Medicare & Medicaid Services.

The cut is required under the sustainable growth rate (SGR) formula but such changes have been overturned repeatedly by Congress in short-term “doc fixes.”

“We will continue to work with Congress to fix this untenable situation so doctors and beneficiaries no longer have to worry about the stability and adequacy of payments from Medicare” under the fee schedule, the CMS said in the final rule, Revisions to Payment Policies Under the Physician ...