Why Bill to Fix It Keeps Soaring

March 13, 2015 9:56 PM

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Why Bill to Fix It Keeps Soaring

A perennial congressional battle over Medicare is about to erupt. And the result is likely to be a steep increase in the program’s long-term costs—with older Americans eventually paying many of those bills.

As of April 1 fees paid by Medicare to participating doctors will be slashed by a steep 21%. This cut is the result of a 1997 budget formula, called the Sustainable Growth Rate (SGR), which should have been junked years ago. Physicians have already been complaining about Medicare’s low level of reim...

Also read: U.S. Congress passes short-term bill to avert government shutdown

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