WASHINGTON, D.C. – Today, Congressman Walter B. Jones (NC-3) voted in favor of a bill that would repeal Medicare’s Sustainable Growth Rate (SGR) formula, which requires disastrous cuts to Medicare provider compensation. Since 2003, Congress has prevented the cuts from going into effect by approving short-term patches. The most recent patch will expire on March 31 of this year, causing a 24 percent decrease in reimbursement for Medicare providers and thus making it unaffordable for many of them to continue seeing Medicare patients. H.R. 4015, the SGR Repeal and Medicare Provider Payment Modernization Act of 2014, would repeal the SGR and replace it with a permanent physician payment plan. The bill offsets the cost of the SGR repeal by implementing a five-year delay for Obamacare’s individual mandate.
“Repealing the SGR provides much-needed security for physicians and patients alike,” said Congressman Jones. “With the changes included in this bill, our seniors can rest assured that they will be able to continue receiving the care they need from their doctors and providers. Furthermore, all Americans will enjoy a five-year reprieve from Obamacare’s unconstitutional and unaffordable individual mandate.”
H.R. 4015 passed the House of Representatives with a bipartisan vote of 238 to 181.