Medical Economics May 7, 2024
Annual report calls for more efficient care models and for Congress to address looming financial shortfalls
The trustees of Medicare’s trust funds are warning that the quality and availability of services Medicare provides could suffer in the next decade unless doctors adopt more efficient models of care delivery, and Congress addresses the program’s long-term fiscal challenges.
Those messages were contained in the trustees 2024 annual report to Congress, issued May 6. The report notes that by law Medicare reimbursement updates are fixed, with no allowance for changes in underlying economic conditions, and aren’t expected to keep pace with the average rate of inflation in physician’s costs. This is in contrast to commercial insurers, who are able to periodically negotiate new...
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