Fiscal cliff deal to address SGR cuts

As Congress continues to grapple with a solution to the "fiscal cliff" the nation officially tumbled over on Tuesday, it appears likely that any deal will include at least a short-term fix to the looming 26.7 percent cut in Medicare payments to physicians that was part of the sustainable growth rate(SGR)  formula, according to Medscape Today. The proposal includes a one-year delay in the implementation of the cuts. However, other news outlets, such as the Oncology Report, are reporting that Congress could scrap the SGR formula entirely sometime during 2013.

Suggested Articles

Humana filed suit Friday against more than a dozen generic drugmakers alleging the companies engaged in price fixing.

Medicare Advantage open enrollment kicked off last week, and insurers are taking new approaches to marketing a slate of supplemental benefit options. 

Health IT company Cerner announced a definitive agreement to acquire IT consulting and engineering firm AbleVets as a wholly owned subsidiary.