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<strong>CMS</strong>-1403-FC<br />

system. Also shown is the SGR corresponding with each<br />

period. The calculation of the SGR is discussed in detail<br />

below in this section.<br />

TABLE 33: Annual and Cumulative Allowed and Actual<br />

Expenditures for Physicians’ Services from April 1, 1996<br />

through the End of the Current Calendar Year<br />

Period<br />

Annual<br />

Allowed<br />

Expenditures<br />

($ in billions)<br />

Annual<br />

Actual<br />

Expenditures<br />

($ in billions)<br />

Cumulative<br />

Allowed<br />

Expenditures<br />

($ in billions)<br />

Cumulative<br />

Actual<br />

Expenditures<br />

($ in billions)<br />

952<br />

FY/CY SGR<br />

4/1/96-3/31/97 $48.9 1 $48.9 $48.9 $48.9 N/A<br />

4/1/97-3/31/98 $50.5 $49.5 $99.4 $98.4 FY 1998=3.2%<br />

4/1/98-3/31/99 $52.6 $50.8 $152.0 $149.2 FY 1999=4.2%<br />

1/1/99-3/31/99 $13.3 $13.2<br />

(2)<br />

$149.2 FY 1999=4.2%<br />

4/1/99-12/31/99 $42.1 $39.7<br />

(3)<br />

$188.9 FY 2000=6.9%<br />

1/1/99-12/31/99 $55.3 $52.9 $194.0 $188.9 FY 1999/2000<br />

1/1/00-12/31/00 $59.3 $58.4 $253.4 $247.3 CY 2000=7.3%<br />

1/1/01-12/31/01 $62.0 $66.7 $315.4 $314.1 CY 2001=4.5%<br />

1/1/02-12/31/02 $67.2 $71.5 $382.6 $385.6 CY 2002=8.3%<br />

1/1/03-12/31/03 $72.1 $78.8 $454.6 $464.4 CY 2003=7.3%<br />

1/1/04-12/31/04 $76.8 $87.7 $531.5 $552.1 CY 2004=6.6%<br />

1/1/05-12/31/05 $80.1 $92.4 $611.5 $644.5 CY 2005=4.2%<br />

1/1/06-12/31/06 $81.3 $94.1 $692.8 $738.6 CY 2006=1.5%<br />

1/1/07-12/31/07 $84.1 $93.9 $776.9 $832.4 CY 2007=3.5%<br />

1/1/08-12/31/08 $86.8 $94.4 $863.7 $926.8 CY 2008=3.2%<br />

1/1/09-12/31/09 $93.2 NA $956.9 NA CY 2009=7.4%<br />

(1)<br />

Allowed expenditures in the first year (April 1, 1996-March 31, 1997) are equal to actual expenditures. All subsequent figures are<br />

equal to quarterly allowed expenditure figures increased by the applicable SGR. Cumulative allowed expenditures are equal to the<br />

sum of annual allowed expenditures. We provide more detailed quarterly allowed and actual expenditure data on our Web site at the<br />

following address: http://www.cms.hhs.gov/SustainableGRatesConFact/. We expect to update the web site with the most current<br />

information later this month.<br />

(2)<br />

Allowed expenditures for the first quarter of 1999 are based on the FY 1999 SGR.<br />

(3)<br />

Allowed expenditures for the last three quarters of 1999 are based on the FY 2000 SGR.<br />

Consistent with section 1848(d)(4)(E) of the Act,<br />

Table 33 includes our final revision of allowed<br />

expenditures for CY 2007, a recalculation of allowed<br />

expenditures for CY 2008, and our initial estimate of<br />

allowed expenditures for CY 2009. To determine the UAF for

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