House leaders say they’re close to fixing hated Medicare funding formula

Congressional leaders released a bipartisan bill Thursday to scrap an outdated Medicare payment formula and replace it with a system that’s more predictable for doctors and rewards the quality — not quantity — of care they provide.

The highly anticipated plan would repeal what’s known as the Sustainable Growth Rate, which lawmakers override every year with a so-called “doc fix” even when it calls for a cut.

Many lawmakers are sick of overriding the formula, which is tied to growth in the gross d