1-Year Doctor Payment Extension Will Cost $25B, CBO Says

Law360, New York (November 21, 2012, 5:23 PM EST) -- Extending Medicare physician payment rates for a year will cost $25.2 billion over ten years, almost $7 billion more than previous estimates, the Congressional Budget Office said Wednesday, prompting the American Medical Association to call once again for repealing the sustainable growth rate altogether.

The CBO said it updated its previous estimates after the Centers for Medicare and Medicaid Services finalized its physician fee schedule for next year. In the final rule, CMS said that under the sustainable growth rate, physician payments would drop by 26.5...
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