WASHINGTON, DC – U.S. Congressman Pete Sessions (R-TX), Chairman of the House Rules Committee, today released the following statement regarding House passage of H.R. 4015, the SGR Repeal and Medicare Provider Payment Modernization Act:
“Our nation’s current Medicare reimbursement formula, the Sustainable Growth Rate (SGR), is outdated and unstable for seniors and their physicians. Unless Congress takes immediate action, Medicare providers will see a nearly 24 percent reduction in their reimbursement rates, which would dramatically reduce seniors’ access to health care and jeopardize the future of Medicare.
“In response, today the House approved a bipartisan, bicameral proposal that represents years of work by Congress to address this important issue and provide certainty for those who rely upon Medicare. This proposal is also fully paid for by delaying ObamaCare’s individual mandate, ensuring that this legislative fix won’t add to our long term debt. I’m proud of the House’s work this week to reform our Medicare payment system and protect our nation’s seniors while also reducing wasteful spending.”