Medical Economics January 11, 2024
January meeting opens new year of wrangling in Washington as doctor costs go up and payments go down.
The American Medical Association (AMA) praised the Medicare Payment Advisory Commission (MedPAC) for supporting an increase for physician reimbursement.
AMA President Jesse Ehrenfeld issued a statement shortly after the advisory panel’s morning session on Jan. 11, the opening discussion of this month’s two-day meeting.
The nonpartisan advisory board offers its counsel to Congress on issues affecting Medicare. Last year, MedPAC floated an increase for physician payment rates based on inflation rates, and in December used that formula to recommend raises for physician reimbursement.
But overall, Medicare payment has decreased while physicians’ practice expenses soared, Ehrenfeld said.
AMA “has long championed this reform...