Becker's Healthcare April 8, 2024
Physicians have continued to see Medicare payment cuts year over year, with a 2% cut in 2023 being followed by a 1.68% cut in 2024, according to an April 8 report from the American Medical Association.
Here are six issues with the physician payment system, per the AMA:
1. Physician payment updates are not tied to inflation. Inflation-adjusted payments have continued to fall dramatically over the last 20 years as payment redistributions are caused by budget-neutrality adjustments.
2. The reporting requirements for the merit-based incentive payment system (MIPS) are too burdensome. They are also often clinically...