US Senate Committee on Finance: Senate, House Leaders Introduce SGR Replacement Bill

Bipartisan, Bicameral Proposal Ends the Cycle of Annual ‘Doc Fix’ Crises, Shifting Medicare to Reward Quality, Efficiency and Innovation

WASHINGTON –Senate Finance Committee Chairman Max Baucus (D-Mont.), Senate Finance Committee Ranking Member Orrin Hatch (R-Utah), House Ways and Means Committee Chairman Dave Camp (R-Mich.), House Ways and Means Committee Ranking Member Sander Levin (D-Mich.), House Energy and Commerce Committee Chairman Fred Upton (R-Mich.) and House Energy and Commerce Committee Ranking Member Henry A. Waxman (D-Calif.) today introduced a bipartisan, bicameral bill that would replace the broken Medicare Sustainable Growth Rate (SGR) formula with an improved payment system that rewards quality, efficiency and innovation. The bill merges the proposals passed overwhelmingly by each committee of jurisdiction last year.

“Congress has spent a decade lurching from one ‘doc fix’ to the next, creating a new, unnecessary threat to seniors’ care each time. Enough is enough. This proposal would bring that cycle to an end and fix the broken system. Our bill makes Medicare’s physician payments more modern and efficient, and it will protect seniors’ access to their doctors,” Senator Baucus said.  “This bill is the product of years of hard work, and I hope Congress comes together to pass it.”

“For far too long, the doc fix has been annual ritual for Congress. It’s time to put that ritual to an end so the millions of seniors who rely on Medicare have greater security and greater access to their doctors,” Senator Hatch said.  “I’m proud of this legislation. It not only fully repeals the broken sustainable growth rate formal, but puts in place real reforms that move Medicare away from a fee-for-service model that promotes greater spending to one that encourages better results. The next step is bringing this bill across the finish line and I’m confident we can do that given how far we’ve come working together in a bipartisan basis.”

Continue reading here: http://www.finance.senate.gov/newsroom/chairman/release/?id=a2dae81f-8dfa-42a6-b2ff-ae2a1670cd66

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