House agrees to permanent physician fee fix
This article was originally published in The Gray Sheet
Executive Summary
House votes 243-183 to approve the Medicare Physician Payment Reform Act (H.R. 3961) on Nov. 19. The bill would halt a planned 21% reduction in fees for physician services, and permanently reform the Medicare sustainable growth rate (SGR) method for calculating physician payments, which would annually reduce overall doctor reimbursement if Congress did not step in each year with temporary reversals. Doctors' payment rates under Medicare would increase by 1.2% in 2010, and restructuring of the SGR would begin in 2011, resulting in "significantly higher payment rates for physicians than those that would result under current law," according to the Congressional Budget Office. The Senate rejected a similar bill last month
You may also be interested in...
Boehringer Ingelheim Overtakes Bayer As Germany’s Biggest Pharma Company
The privately owned company is searching for a successor to Jardiance, while the outcome of US Inflation Reduction Act talks on price cuts to the blockbuster will be revealed in September.
Synthekine Joins Quest To Tame IL-2 In Cancer Therapies
First clinical data from Synthekine’s IL-2 candidate and that ofrivalsMedicennawere presented at the AACR, suggesting there’s life in the modality yet.
Swisse Supplements Take Bigger Slice Of Chinese Market
Australian-heritage Swisse grew its share of China's supplements market in 2023 by delivering tailored products to an increasingly health conscious population.