Fierce Healthcare December 8, 2023
A bipartisan group of representatives has introduced a bill into the House that would undo a 2024 physician pay cut finalized last month by the Biden administration.
The 2024 Medicare Physician Fee Schedule final rule included a decrease in the conversion factor, which is used to calculate Medicare payments to doctors, that translated to a 3.37% pay decrease from 2023. The Centers for Medicare and Medicaid Services said the cut was necessary to offset increases in payment for other specific types of services, including visits for primary and longitudinal care visits.
Still, the rule’s proposal and final version were broadly opposed by physicians. Just a couple weeks after the pay cut was finalized, about 120 state and national healthcare organizations...
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