Becker's Healthcare November 26, 2024
Forty-one senators have inked a letter to Congress to prevent the 2.83% Medicare physician pay cut that will take effect Jan. 1.
On Nov. 1, CMS finalized a 2.83% physician pay cut in its 2025 Medicare Hospital Outpatient Prospective Payment System and Ambulatory Surgical Center Payment System. The physician fee schedule conversion factor for 2025 is $32.35, down from $33.29 in 2024.
The bipartisan letter, led by Sens. John Boozman (R-Ark.) and Peter Welch (D-Vt.), says that the cuts could hinder physicians’ ability to provide care.
“Persistent instability in the healthcare sector — due, in part, to consistent payment cuts — impacts the ability of...
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