Medical Economics March 3, 2021
The COVID-19 pandemic has disrupted many parts of the health care industry and upended projected patterns of spending in the sector.
According to a news release, the American Medical Association (AMA) report, “Changes in Medicare Physician Spending During the COVID-19 Pandemic,” Medicare spending on physician services dropped by as much as 57 percent below the expected pre-pandemic level in April 2020. Spending levels rebounded but were still 12 percent less than expected by the end of June. The total estimated reduction in Medicare spending on physician services was $9.4 billion, or 19 percent, in the first half of 2020.
“The economic impact of the COVID-19 pandemic has placed significant financial stress on medical practices as expenses...
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