SGR Update

The HBMA reports that last evening, November 18th, the Senate, by unanimous consent, approved a one-month extension of the current payment levels for Medicare Part B. This would avoid the 23% SGR related cut that is scheduled to go into effect on December 1st. This temporary extension would postpone the SGR cut until January 1, 2011 unless Congress enacts another “fix” between December 1, 2010 and January 1, 2011.

The House has already adjourned until after the Thanksgiving Holiday.

However, late last night, House Majority Leader Steny Hoyer (D-MD) announced that he intended to bring up the 30 day extension when the House reconvenes on November 29th.

Majority Leader Hoyer released the following statement following Senate approval of the 30 day extension: “It is my intention to schedule this bill for consideration when the House reconvenes on November 29th, so we can send it to the President’s desk prior to the November 30th expiration date of current SGR relief.”

Hoyer went on to say, “This legislation allows Congress to continue our work on a longer-term solution – one which provides our seniors with the security of continued access to the physician of their choice and our physicians with at least one full year of SGR relief.”

ADVOCATE will continue to provide updates as they become available.

With best regards,
Kirk Reinitz, CPA
President/CEO