President Signs Off: ICD-10 Delay, SGR Cut Averted

On April 1, 2014, President Obama signed into law the Protecting Access to Medicare Act of 2014. Below are the main points of the legislation:

    • ICD-10 delayed until October 1, 2015 (a one year extension from the October 1, 2014 deadline that was previously scheduled).
    • The law prevents the 24% SGR payment reduction, which was scheduled to hit April 1, 2014. This is the 12th year in a row for an SGR patch. While physicians are relieved to not see this drastic pay cut, many are frustrated that a permanent fix has not been achieved.
    • The 0.5 percent fee schedule update for such services that applied from January 1, 2014 through March 31, 2014 will be extended for the period of ¬†April 1, 2014 through December 31, 2014.
    • There will be a zero percent update to the 2015 Medicare Physician Fee Schedule (MPFS) through March 31, 2015.
    • The 2% sequestration reduction on Medicare payments remains in place.