Radiology Business September 9, 2024
The American Medical Association is warning the federal government of a “growing gap” between what Medicare pays and the cost of delivering care.
The Centers for Medicare & Medicaid Services released the proposed 2025 physician fee schedule in July, incorporating a 2.8% cut to the conversion factor used to calculate physician reimbursement. This marks the fifth consecutive year of payment cuts to the profession under the federal payment program, the association wrote in a comment letter shared Sept. 5.
This conversion factor cut comes despite the Medicare Economic Index rising 3.6%. When adjusting for inflation, Medicare physician payment declined about 29% between 2001 to 2024.
“The 2025 cuts compound across-the-board cuts in 2021, 2022, 2023, and 2024,...
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