Rep. Curbelo on the Medicare Access and CHIP Reauthorization Act
Washington, D.C. - Today, the House passed H.R. 2, the Medicare Access and CHIP Reauthorization Act of 2015. This important legislation replaces the broken Medicare Sustainable Growth Rate (SGR) formula with an improved fee-for-service payment system that rewards quality, efficiency, and innovation. Under this new system, physicians are provided a 0.5 percent payment update for the next five years.
Since 2003, Congress has spent nearly $150 billion in 17 short term patches to prevent significant Medicare reimbursement rate cuts. As it stands now, physicians are routinely facing huge cuts in their reimbursements for treating seniors, and as a result, many doctors may stop treating new Medicare patients or close their door to Medicare beneficiaries entirely. By consolidating the three existing quality programs into a streamlined and improved single performance program, this new legislation seeks to increase overall payment accuracy and reward providers who meet performance thresholds.
Rep. Curbelo (FL-26) released the following statement after voting in favor of this legislation:
"Today, I voted in favor of H.R. 2, a bill that will make real progress in strengthening Medicare. This legislation will permanently replace the Ôdoc fix' budget gimmick with a more stable system that rewards quality and innovation in the delivery of our health care. It is imperative that Congress continues to protect and preserve Medicare, and this new legislation is an important milestone in ensuring long-term sustainability for our country's Medicare system."