Medicare Access And Chip Reauthorization Act Of 2015

1359 WordsJun 10, 20166 Pages
Now a statute, the physician/hospital pay for quality, not quantity, public law number: 114-10 signed April 16, 2015 also referenced as H.R.2 —1st Session of 114th Congress (2015-2016), sometimes called the “Permanent Doc Fix” 04/14/2015 : Passed Senate; 03/26/2015 : Passed House (Medicare Access and CHIP Reauthorization Act of 2015, 2015), which defines the payment and reimbursement reform to doctors treating patients with Medicare. This extensive reform includes the CHIP program insuring children and those families that don’t qualify for Medicare but are unable to afford private insurance and is funded by the federal government and individual states. Definition/Problem The problem is defined in America’s healthcare ranking as the most expensive, least available, and poorest quality health care in the world. Figure 1: Figure 2: The remedy is the Medicare Access and CHIP Reauthorization Act of 2015 (Title I- SGR repeal and Medicare provider payment modernization) that trumps the Sustainable Growth Rate (Medicare’s action which reigned in doctors’ costs by an annual budget target), cuts Medicare spending, and includes the CHIP program mentioned above (Medicare Access and CHIP Reauthorization Act of 2015, 2015). This remedy began with the Patient Protection and Affordable Care Act passed by the U.S. senate on December 24, 2009 to then be passed in the U.S. house on March 21, 2010 to be signed into law by President Obama on March 23, 2010 which was upheld by the
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