Medicare Equity Extension Act of 2011 - Amends title XVIII (Medicare) of the Social Security Act, with respect to the formulae for determining payments for physician services under part B (Supplementary Medical Insurance Benefits for the Aged and Disabled), to extend through calendar 2013: (1) a specified formula element for the employee wage and rent portions of the Medicare practice expense geographic adjustment, and (2) the Medicare work geographic adjustment floor at 1.0 under the Medicare and Medicaid Extenders Act of 2010.
Terminates as of December 31, 2011, the 1.00 floor under the Patient Protection and Affordable Care Act (PPACA): (1) on the area wage index for hospitals in frontier states (half of whose counties have a population per square mile of less than 6), (2) on the area wage adjustment factor for hospital outpatient department (OPD) services in frontier states, and (3) for the practice expense index for services furnished in frontier states.