H.R. 2 is a bipartisan bill to scrap Medicare’s troubled physician payment formula. Absent a “doc fix” bill, under Medicare’s flawed Sustainable Growth Rate (SGR) formula, doctors who treat Medicare patients would face an abrupt 21% cut in reimbursement rates. Since it was enacted in 1997, 17 acts have overridden the SGR formula. This bill would permanently replace the Medicare SGR formula and also reauthorize the Children’s Health Insurance Program for two years. CBO estimates that the bill will increase federal budget deficits by $141 billion over 11 years (FY 2015–2025).
*Congressional Budget Office
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