Good morning, ProviderNation.
Last week, news filtered out that Congress-types had come up with a plan for the so-called “doc fix.”
“Enough with the quick fixes,” Senate Finance Committee honcho Max Baucus (D-Mont.) said in announcing his plan. “Our proposal is for a new physician payment system that rewards value over volume.”
The short version is this: Congress would freeze physician rates for a decade, then dock them 1 percent in 2014.
That certainly will save some dollars. But the up-to-$179 billion question remains this: Who’s going to pay the rest of the way? So far, Congress has been quiet. A little too quiet, if you know what I mean.
Senate Finance Committee staffers are feeling sanguine that their proposal will pass through this year. Some are skeptical, given how divided government is right now. But the thing to keep one’s eyes on, according to My New Favorite Lobbyists, is that it’s not just one sector of Congress that has endorsed the 10-year fix.
So whether Baucus’ bill passes this year or not, providers likely will deal with some version of it for the foreseeable future. You know, just FYI.