Improving Our Well-Being Act of 2002

[AI summary unavailable — showing source text] Improving Our Well-Being Act of 2002 - Amends title XVIII (Medicare) of the Social Security Act (SSA) to eliminate the geographic physician work adjustment factor from geographic indices used to adjust payments under the Medicare physician fee schedule. Directs the Comptroller General to study and report to Congress on differences in payment amounts under the Medicare physician fee schedule for physicians' services in different geographic areas. Directs the Secretary of Health and Human Services to establish procedures under which the Secretary, and not the physician furnishing a service, is responsible for determining when a Medicare incentive payment must be made. Increases the amount of payment to certain non-teaching hospitals for inpatient hospital services during FY 2003 through 2005 according to a specified formula. Revises the Medicare payment rate for hospitals in areas other than large urban areas to reflect the full market basket increase without the 0.55 percentage point reduction currently required. Requires the Secretary to: (1) equalize urban and rural standardized payments under the Medicare Inpatient Hospital Prospective Payment System; and (2) increase payments fo…