The Centers for Medicare & Medicaid Services (CMS) announced a proposed rule would reduce payment rates for physicians and non-physician practitioners by 29.5 percent for services in 2012.
CMS bases its projection on a formula called the Sustainable Growth Rate (SGR) that was adopted in the Balanced Budget Act of 1997.
CMS reports this is the eleventh time the SGR formula resulted in a payment cut, although the cuts have been averted through legislation in all but 2002.
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