Becker's Healthcare April 4, 2024
Medicare pay cuts are making it difficult for many smaller, independent physician practices to meet margins.
Here are 10 notes on physician pay cuts:
1. In March, Congress released a $460 billion spending package that halves 2024’s 3.4% Medicare pay cut for physicians to approximately 1.7%.
2. The cut, which is not retroactive, comes on top of last year’s 2% Medicare physician pay reduction.
3. Physicians were disappointed by Congress’ move, with many saying more needed to be done to protect physician pay. The American Medical Association said in a blog post that the cost of running a practice is becoming unsustainable for many physicians as they deal with the effects of the COVID-19 pandemic, inflation, staff...
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