by Tom aka Rusty Rustbelt
Health Care: Yes, No , Sorta, Kinda, Maybe
Medicare rates for physicians have been, supposedly, regulated by the SGR* formula since 1998, but the formula is so wretched and lobbyists so strong the formula has been repeatedly postponed.
The Obama administration has been determined to do a one time catch up, which was scheduled to make an average cut of about 24% on December 1, 2010.
Congress has felt the heat from many different constituencies, but has been unable or unwilling to develop a new system.
The latest is the ” “Physician Payment and Therapy Relief Act of 2010.” Impressive title, but it is simply a one month reshuffling of some funds, a kick the can down the road strategy that just delays the inevitable.
This is no way to make policy.
*Sustainable Growth Rate