From the American Academy of Ophthalmology
Repeal of the problematic sustainable growth rate formula currently used to calculate Medicare physician reimbursement appears to be low on the list of legislative priorities of the U.S. House of Representatives, based on a recent memo from House Majority Leader Eric Cantor, R-Va. Unless lawmakers act to repeal the SGR formula, physicians face a 24.4 percent Medicare pay cut on Jan. 1, which would threaten the viability of many physician practices and beneficiaries’ access to care.