Live updates on Thursday: Senate committee considers Medicare physician payment reforms

Reforming Medicare doctors’ pay takes center stage Thursday as the Senate Finance Committee meets in executive session to consider a broad bipartisan framework for reform.Without Congressional action, current law requires a nearly 24% reduction in physician payments next year.The new approach, revised by the House Ways and Means Committee and the Senate Finance Committee earlier this month, would repeal the current sustained growth rate (SGR) formula for determining updates to the Medicare physician fee schedule.

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