Lexology March 7, 2024
The annual cycle of cuts to Medicare payments to physicians and the need for Congressional intervention continues. This week, the U.S. House of Representatives passed by a vote of 339-85 the Consolidated Appropriations Act, 2024 that, among numerous other spending measures, helped reduce the full extent of cuts to Medicare payments for physician services. At this writing, concurrence by the U.S. Senate is still pending.
An issue closely followed by the Radiology Business Management Association and other stakeholders was action to make up some of the 3.37% cuts to Medicare payments to physicians contained in the 2024 Medicare Physician Fee Schedule final rule. Yesterday’s action netted a 1.68% increase to the Medicare Physician Fee Schedule rates, effective on March 9.
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