Cardiovascular Business December 3, 2021
Medicare spending on cardiology and interventional cardiology services took a significant hit in 2020, according to a new report from the American Medical Association (AMA).
According to the report, Medicare spending on physician services was a whopping $13.9 billion less in 2020 than expected. It is believed that this is mostly—if not fully—due to the COVID-19 pandemic, which started impacting healthcare providers in March 2020.
In cardiology, spending was $718 million less than anticipated ($4,482 vs. $5,200). In interventional cardiology, meanwhile, spending was $188 million less than anticipated ($1,020 vs. $1,208).
The report also showed that Medicare spending largely recovered by the second half of 2020—but it still fell 4% to 15% below expected levels.
“Physicians experienced a significant and...
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