Last month, President Barack Obama signed the Medicare Access and CHIP Reauthorization Act of 2015, permanently repealing the Sustainable Growth Rate (SGR) formula for Medicare physician payment and instituting a 0.5-percent payment update each year through 2019. The bill also establishes a new merit-based incentive payment system in which Medicare will pay physicians based on their performance, rewarding them for higher-quality work rather than for how many patients they see.

See below for a variety of perspectives on the significance of the bill to the healthcare industry:

http://www.medscape.com/viewarticle/844125

http://www.nytimes.com/2015/04/15/us/politics/senate-approves-a-bill-on-changes-to-medicare.html?_r=0

http://www.businessinsider.com/r-obama-signs-bill-fixing-medicare-doctors-pay-2015-4

http://www.aafp.org/news/government-medicine/20150422sgrceremony.html

Last month, President Barack Obama signed the Medicare Access and CHIP Reauthorization Act of 2015, permanently repealing the Sustainable Growth Rate (SGR) formula for Medicare physician payment and instituting a 0.5-percent payment update each year through 2019. The bill also establishes a new merit-based incentive payment system in which Medicare will pay physicians based on their performance, rewarding them for higher-quality work rather than for how many patients they see.

See below for a variety of perspectives on the significance of the bill to the healthcare industry:

http://www.medscape.com/viewarticle/844125

http://www.nytimes.com/2015/04/15/us/politics/senate-approves-a-bill-on-changes-to-medicare.html?_r=0

http://www.businessinsider.com/r-obama-signs-bill-fixing-medicare-doctors-pay-2015-4

http://www.aafp.org/news/government-medicine/20150422sgrceremony.html