American Hospital Association March 15, 2024
The Medicare Payment Advisory Commission (MedPAC) today released its annual March Report advising Congress on the Medicare fee-for-service (FFS) payment systems. In it, the commission recommended its highest ever Medicare payment update for hospitals and health systems, recognizing the dire financial environment they continue to operate in. Specifically, MedPAC recommended that for fiscal year (FY) 2025, Congress update the Medicare base payment rate for hospitals by current law plus 1.5%.
The AHA appreciates MedPAC’s recommendation to attempt to improve — in small part — Medicare’s chronic underpayments to hospitals and health systems. Indeed, the hospital field has faced substantially negative Medicare margins for well over a decade.
Yet, the commission’s March findings also confirm what the AHA has stressed repeatedly...
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