Becker's Healthcare November 16, 2021
CMS plans to cut physician pay by 9 percent in 2022, while costs to run an independent practice continue to rise.
Since 2001, the cost of running a medical practice has increased 39 percent, but CMS has only increased pay for physicians by 11 percent, according to the American Medical Association. As a result, when adjusting for inflation in practice cost, Medicare physician pay dropped 20 percent over the past two decades.
Over the same time period, Medicare updated hospital pay by 60 percent.
The disparities in pay growth by CMS is a contributing factor to the decline in the number of physicians who are in private...
Today's Sponsors
Today's Sponsor