As happens every year,
Congress stepped in at the last minute and blocked the Sustainable
Growth Rate (SGR) cuts in Medicare payments to physicians. On the
afternoon of January 1, 2013, the House of Representatives adopted
legislation passed earlier that day by the Senate, the "American Taxpayer Relief Act of 2012.”
The bill prevented a plunge over the “fiscal cliff” by postponing
across-the-board spending reductions and also overrode the 26.5 percent
Medicare fee schedule cut that technically had already gone into effect
on the morning of passage.
Congress’ action replaced
the SGR reduction with a zero percent update for services provided from
January 1, 2013, through December 31, 2013. Because of adjustments in
the practice expense component of the anesthesia conversion factor (CF),
the 2013 national average CF is $0.50 higher than last year’s CF, i.e.,
$21.9243. This is 38 percent higher than the $15.93 CF announced in
November 2012.
Actual...
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