The Republican-led U.S. House of Representatives has joined the Obama administration and private insurance companies in the march away from fee-for-service medicine in passing a repeal to Medicare’s controversial sustainable growth rate formula.
The legislation, which overwhelmingly passed by a 392-37 bipartisan vote in the U.S. House, will avert a 21 percent cut in Medicare payments to doctors while at the same time moving future reimbursement to pay-for-performance and away from traditional fee-for-service medicine.
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