President Approves Temporary Payment Freeze
- By admin aapc
- In Industry News
- March 4, 2010
- Comments Off on President Approves Temporary Payment Freeze
President Obama signed the Temporary Extension Act of 2010 (HR 4691) into law March 2, just hours after the Senate passed it. This legislation temporarily freezes Medicare physician payments at the current zero percent update and extends the therapy cap exception process through March 31.
The bill also provides several short-term extensions of several authorities, including those related to COBRA premiums.
The 21.2 percent Medicare physician payment cut will go into effect April 1, unless Congress further delays it or devises a permanent fix to the Sustainable Growth Rate (SGR) formula.
Currently on the Senate table is the American Workers, State, and Business Relief Act of 2010 (HR 4213), which would extend the Medicare payment freeze until Sept. 30 and the therapy cap exception process until Dec. 31.
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We need an end to this. Every year we all fret and worry about what will happen with Medicare payments. Will we get a marginal increase, or will they cut our payments so much that we cannot function. I am glad for the temporary fix, however, somehow, somewhere we have got to come up with a permanent fix. I would love to have information regarding what congress is and has been doing to fix the SGR and end the drama. If you have any links to this information, please pass it along.
Thank you