Trading in Medicare SGR for MIPS: House, Senate committees agree on compromise bill

On Feb. 6, the House Ways and Means, the Energy and Commerce, and the Senate Finance committees released the bipartisan, bicameral SGR Repeal and Medicare Payment Modernization Act of 2014. The negotiated bill would repeal the current SGR formula, which was adopted in 1997 to keep Medicare spending from growing faster than the economy as a whole, but over the last decade has resulted in Congress scrambling each year to avoid massive cuts in physician reimbursements. It also would implement a new Merit-Based Incentive Payments System (MIPS) that would move (Read more...)