House leaders say they’re working on fix to outdated Medicare formula
Top House lawmakers said Friday they’re inching closer to a plan that repeals the formula that pays doctors for each service provided under Medicare and replaces it with one that rewards providers for high-quality care — a measure that both sides of the political aisle have said is long overdue.
Congress has tried for some time to repeal the Sustainable Growth Rate (SGR) formula, which lawmakers override each year with a fiscal patch known as the “doc fix” — even when the formula calls for a cut.
Amid