Last month President Barack Obama signed the Pathway for SGR Reform Act of 2013 into law. This law prevents a Medicare payment cut of more than 20 percent for physicians and other healthcare professionals that was scheduled to take effect January 1, 2014.
In addition, the law provides a 0.5 percent update through March 31, 2014. The 2014 conversion factor is $35.8228. The Wisconsin Medical Society and other health care organizations continue to urge President Obama to remain committed to a permanent solution that eliminates the flawed sustainable growth rate (SGR) formula.