Keckley Report November 13, 2023
At the interim meeting of the American Medical Association House of Delegates Saturday in National Harbor, MD, President Jesse Ehrenfeld, MD, MPH, urged physicians to take action: “Medicine is not just at a crossroads…it’s at a crisis.” He’s right: 2024 is a make-or-break year for the profession.
His remarks came on the heels of the November 2 issuance of the Calendar Year (CY) 2024 Physician Fee Schedule Final Rule by the Center for Medicare and Medicaid Services which cut its conversion factor (which is used to calculate payments to physicians) by 3.4% to $32.74 from $33.89 in CY 2023. Its calculus was based on 4 factors: 1- expiration of the 2.5% statutory payment increase in CY 2023, 2- a 1.25%...
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