Today, the Congressional Budget Office (CBO) released a report projecting that H.R. 2810, the Medicare Patient Access and Quality Improvement Act of 2013, legislation repealing and replacing the flawed Medicare Sustainable Growth Rate (SGR) formula, would cost $175.5 billion over ten years.
Last spring, the CBO, the accounting arm of Congress, estimated that repealing the SGR formula would cost $139.9 billion alone. The passage of H.R. 2810 would cost an additional $36 billion to replace the current system with a quality-based payment plan that would update payments by 0.5 to 1 percent each year.
H.R. 2810 is currently eligible to be considered by the full House of Representatives. However, the bill does not include any funding mechanism or "pay-fors" to cover the cost of the SGR repeal and the new payment mechanism.
ASA will continue to closely monitor the bill.
Review the bill.
Review the amendment summary.
Review ASA's letter of support for bill provisions.
Review ASA's section-by-section summary of the bill.
Review past ASA's responses about the proposal: