Healthcare Finance News October 31, 2024
Congress must enact permanent reform instead of making last-minute payment fixes each year, says MGMA.
A bipartisan bill introduced in the House would stop Medicare payment cuts from taking effect in January and give physicians a pay increase.
The Medicare Patient Access and Practice Stabilization Act, introduced on Tuesday, would provide a 4.7% payment update in 2025 and eliminate the 2.8% Medicare physician payment cut that is slated for January 1.
WHY THIS MATTERS
The American Medical Association has been advocating for Congress to take action, pointing out that, when adjusted for inflation, Medicare reimbursement for physician services has declined 29% since 2001.
The bill comes just in time in the remaining legislative session, according to Dr. Bruce A....
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