| − | The Medicare Access and CHIP Reauthorization Act of 2015 (MACRA), P.L. 114-10, became law on April 16, 2015. This is also known as the "SGR-fix". This repealed the formula for the sustainable growth rate (SGR), which had required mandatory reductions in reimbursements by Medicare for services. Instead, MACRA provides for annual increase in payments of 0.5 percent, from July 1, 2015, through 2019. | + | The Medicare Access and CHIP Reauthorization Act of 2015 (MACRA), P.L. 114-10, became law on April 16, 2015. This is also known as the "SGR repeal". This repealed the formula for the sustainable growth rate (SGR), which had required mandatory reductions in reimbursements by Medicare for services. Instead, MACRA provides for annual increase in payments of 0.5 percent, from July 1, 2015, through 2019. |
| | + | MACRA removed the requirement that physicians who opt out of Medicare must renew their opt-out status every two years. Under MACRA, physicians who opt out on or after June 16, 2015, do not have to renew their opt-out status. |