President Obama last week signed into law the Pathway for Medicare SGR Reform Act of 2013, preventing a scheduled 24 percent Medicare physician payment cut from taking effect on January 1, 2014.

The new law stops the cuts called for under the sustainable growth rate (SGR) for three months and instead provides a 0.5 percent update through March 31, 2014. The three months gives Congress time to finalize the Medicare payment reform legislation.

The Centers for Medicare and Medicaid Services is currently revising the 2014 Medicare Physician Fee Schedule to reflect the new law’s requirements as well as technical corrections identified since publication of the final rule in November.

The new law also extends the exceptions process for outpatient therapy caps through March 31, 2014.

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Contact: Elizabeth McNeil, (800) 786-4262 or emcneil@cmadocs.org.