Just when stakeholders thought the October 1 ICD-10 compliance deadline was a lock, a bill has been introduced in the U.S. House of Representatives that seeks to put the kibosh on the federal governments plans to require the medical community to comply with the new code set.
According to Rep. Ted Poe (R-Tex.), sponsor of H.R. 2126, the Cutting Costly Codes Act of 2015, ICD-10 is a burdensome bureaucratic system that is financially strapping physician practices across the country which are suffering under the weight of the costs. The congressman cites studies which peg the costs of the code switchover at anywhere between $56,000 on the low end and $8 million on the high end.
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