Bipartisan plan calls for SGR repeal, replaced by payment updates, value-based care

 In News

Congressional lawmakers on Thursday unveiled a bicameral, bipartisan agreement to repeal Medicare’s physician payment formula and replace it with a system that would provide stable payment updates for five years and shift Medicareto a system based on value versus volume of care.

The deal is the product of three congressional committees—Senate Finance, House Ways and Means and House Energy and Commerce—working to eliminate Medicare’s sustainable growth-rate formula and offer incentives for Medicare-participating physicians to move to alternative payment models.

Read more at Modern Healthcare.

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