A federal income support program for low-income disabled, aged and blind individuals. Eligibility for SSI monthly cash payments does not depend on previous employment or contributions to a trust fund. Eligibility for SSI usually confers eligibility for Medicaid.
The Medicare trust fund that partially pays for physician procedures and treatments delivered in hospital outpatient departments, ambulatory surgical centers, and other non-hospital facilities; most home health care services; durable medical equipment such as wheelchairs; and the prescription drug benefit. The SMI account is financed with beneficiary premiums (25 percent) and general revenues (75 percent).
The formula that was formerly used to determine annual targets for spending on physicians’ services under Medicare, established by the Balanced Budget Act of 1997. The SGR was repealed when Medicare Access and CHIP Reauthorization Act of 2015 (MACRA) was signed into law in 2015.