AJMC November 20, 2023
The American Medical Association (AMA) is continuing to urge Congress to stop the impending 3.4% cut to physicians, and other organizations also weigh in on the pros and cons of the 2024 Medicare Physician Fee Schedule.
The American Medical Association (AMA) is calling for a fix to what it calls a flawed Medicare payment system. The 2024 payment scheduled called for a 3.4% cut to physicians.1 However, the Medicare Economic Index, which is a measure of inflation in medical practice costs, will be 4.6% in 2024. According to AMA, the payment cut combined with inflation results in an 8% decline in physician payment.
At the AMA’s Interim Meeting of the House of Delegates, President Jesse M. Ehrenfeld, MD, MPH, noted...
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