Stop-gap Medicare 'doc-fix' will cost seniors

March 26, 2015 10:58 PM

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Stop-gap Medicare 'doc-fix' will cost seniors

CHICAGO (Reuters) - Congress is headed toward a bipartisan solution to fix a Medicare formula that threatens to slash payments to doctors every year. The so-called "doc fix" would replace the cuts with a multipronged approach that will be expensive and will have Medicare beneficiaries pay part of the bill.

Congress has repeatedly overridden the payment cuts, which are mandated under a formula called the Sustainable Growth Rate (SGR), which became law in 1997, that is a way of keeping growth in physician payments in line with the economy's overall growth. This year, unless Congress acts, rates will aut...

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